Privacy Notice and Among its partners are Loop Team, Wordpress, and Human Soft Holding. Agora's platform, like Twilio's, lets developers add communications features to their websites and apps.
At current levels, Agora, which trades under the symbol API, is worth $5.2 billion after accounting for outstanding shares and stock options.
The real-time data transmission is handled by our Software-Defined Real-Time Network, or SD-RTN, which is a virtual network overlay on top of the public internet running on more than 200 co-located data centers worldwide.
The warm reception and rich multiples granted to Agora is one more example of Wall Street’s current enthusiasm for high-growth software companies.
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Intraday data delayed at least 15 minutes or per exchange requirements. The SCOOP ratings should not be taken as investment advice. Our platform provides developers simple-to-use, highly customizable and widely compatible application programming interfaces, or APIs, to embed real-time video and voice functionalities into their applications without the need to develop the technology or build the underlying infrastructure themselves.
Copyright © 2020 MarketWatch, Inc. All rights reserved. It generated net income of $3 million in contrast to a net loss of $700,000 a year ago. Needham & Company will act as co-manager for the proposed offering.
For 2019, Agora posted revenues of $64.4 million, up 47.6% from 2018, on losses of $6.2 million.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. For comparison, Twilio, which is up about 120% on the year, trades for 26 times 2019 revenue of $1.13 billion. Copyright © 2020 JPM Media Corporation, All rights reserved.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. Intraday Data provided by FACTSET and subject to terms of use. J'accède aux documents × SOIRÉE DU 22 MAI 2018. The company calls its technology “Real-Time Engagement Platform-as-a-Service, or RTE-PaaS.” Agora SDK provides software modules for developers to embed real-time engagement capabilities into an application. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Contributing to Agora’s high multiples: With the COVID-19 pandemic driving major increases in voice/video calling and messaging activity, Agora’s revenue growth has accelerated sharply in recent months. Agora Inc., an API developer with offices in China and California, seeks an initial public offering of up to $100 million in New York. View original content to download multimedia:http://www.prnewswire.com/news-releases/agora-announces-launch-of-initial-public-offering-301080767.html, Media Contact: Meghan Gardner, agora@matternow.com, 971-246-7896; Suzanne Nguyen, Suzanne@agora.io, 408-879-5885, Agora Announces Launch of Initial Public Offering, http://www.prnewswire.com/news-releases/agora-announces-launch-of-initial-public-offering-301080767.html. The latest information on initial public offerings (IPOs), including latest IPOs, expected IPOs, recent filings, and IPO performance from Nasdaq.
0. However, it also has a large U.S. subsidiary (known as Agora Lab) that’s based out of Silicon Valley. Agora, which like Twilio provides programming interfaces (APIs) that let developers add voice, video and messaging features to their websites and apps, opened for trading on Friday morning at $43.25, 116% above its $20 IPO price. Programme . Agora said it intends to use the proceeds of its IPO for “research and development, marketing and branding, investment in technology infrastructure as well as for working capital and other general corporate purposes.”. The ADSs are expected to … These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. SANTA CLARA, Calif., June 5, 2020 /PRNewswire/ — Agora, Inc. today announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its Class A … The initial public offering price is expected to be between $16.00 and $18.00 per ADS. With operations both in China and the U.S., Agora may be more successful in its IPO runup than smaller Chinese firms seeking a listing in New York. Historical and current end-of-day data provided by FACTSET. Agora raised about $350 million in its IPO for shares that, by the end of the first day of trading, were worth over $880 million. Cependant, Publications Agora France et ses équipes s’engagent à la plus grande honnêteté intellectuelle afin que nos recommandations de liens répondent à un réel intérêt pour nos clients et ne soient, en aucun cas, guidés par une logique financière. © 2020 TheStreet, Inc. All rights reserved. The proposed offering will be made only by means of a prospectus. With headquarters in both Santa Clara, Calif., and Shanghai, Agora may get more interest from U.S. investors as a business with local operations.
Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. SANTA CLARA, Calif., June 21, 2020 /PRNewswire/ -- Agora, Inc. ("Agora"), a real-time engagement API provider, today announced the launch of an initial public offering of 17,500,000 American depositary shares ("ADSs"), each representing four Class A ordinary shares of Agora. That in turn might bode well for other software firms looking to go public, such as banking software provider nCino and (reportedly) online storefront software provider/Shopify (SHOP) - Get Report rival BigCommerce.
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