Industry

Agora Shares Rise 145% on Nasdaq IPO debut

Jun 29, 2020, 10:19am2020/06/29 20:58:21 Lu Zhao

Shares of Agora<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Inc., a China and US-based real-time engagement API company, are up 145% Friday to $49.19 after it went public, according to MarketWatch.

Under the stock code API, Agora<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> is an API-powered real-time engagement platform that allows customers to embed voice and video in their applications. It raised an above-range $350 million on its Nasdaq IPO debut on Thursday, which is about 10 times its revenue of the first quarter in 2020.

SEE ALSO: Silicon Valley-based Real-Time Engagement Platform Agora.io Targets US IPO

“Our service is quite relevant in this work-from-home climate, and the feedback to our public debut today is good,” Agora<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Chief Executive Tony Zhao said. “But our focus is always on building a good company.”

Agora<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> priced its 17.5 million American Depositary Receipts at $20 per share in the debut, ahead of its expectations of $16 to $18 IPO price range.

Agora<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> reported a net loss of $36.9 million during the first quarter, compared with a loss of $13.1 million on revenue of $13.4 million last year.

We also support Hindi language, do you want change to it?

हम यह भी हिन्दी भाषा का समर्थन है, आप इसे करने के लिए परिवर्तन करना चाहते हैं?

Yes(ह)

We also support Punjabi language, do you want change to it?

ਸਾਨੂੰ ਇਹ ਵੀ ਪੰਜਾਬੀ ਭਾਸ਼ਾ ਨੂੰ ਸਹਿਯੋਗ ਹੈ, ਤੁਹਾਨੂੰ ਇਸ ਨੂੰ ਕਰਨ ਲਈ ਤਬਦੀਲੀ ਚਾਹੁੰਦੇ ਹੋ?

Yes(ਜ)

We also support Bengali language, do you want change to it?

আমরা বাংলা ভাষা সমর্থন, আপনি এটি পরিবর্তন করতে চান?

Yes(হ)

We also support Burmese language, do you want change to it?

ငါတို့သည်လည်း, မြန်မာဘာသာစကားကိုထောကျပံ့သငျသညျကအပြောင်းအလဲလိုသလဲ

Yes(ဟုတ်ကဲ့)

We also support Nepali language, do you want change to it?

हामी पनि नेपाली भाषा समर्थन, तपाईं यसलाई परिवर्तन गर्न चाहनुहुन्छ?

Yes(ह)

We also support Tagalog language, do you want change to it?

Sinusuportahan din namin ang Tagalog wika, ang gusto mong pagbabago dito?

Yes(oo)

We also support Malay language, do you want change to it?

Kami juga menyokong bahasa Melayu, adakah anda mahu perubahan kepadanya?

Yes(yes)

We also support Indonesian language, do you want change to it?

Kami juga mendukung bahasa Indonesia, apakah Anda ingin perubahan untuk itu?

Yes(Iya)

We also support Thai language, do you want change to it?

นอกจากนี้เรายังสนับสนุนภาษาไทย, คุณต้องการที่เปลี่ยนแปลงไปได้หรือไม่

Yes(ใช่)