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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. 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.”.

Active customers -- defined as customers that produced more than $100 in revenue over the prior 12 months -- totaled 1,176 at the end of March, up from 1,041 at the end of December and 678 a year earlier, according to Agora's IPO prospectus.

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. For the first quarter of 2020, Agora reported its revenues increased 165.7% year-over-year to $35.6 million.

Intraday data delayed at least 15 minutes or per exchange requirements. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Agora's platform, like Twilio's, lets developers add communications features to their websites and apps. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO.

And as of the time of this article, shares are … Subscriber Agreement & Terms of Use Updated 10/22/2020 Agora also intends to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 ADSs to cover overallotments. If you reached this page by clicking a link on the MarketWatch site,please report it to Customer Service. Free cash flow -- a metric that can be lumpy on a quarterly basis -- was negative $4.1 million for 2019 and negative $3.4 million for Q1.

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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. A $6.2 million net loss was reported for 2019, but $3 million in net income was reported for Q1. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. 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 ADSs are expected to … For comparison, Twilio, which is up about 120% on the year, trades for 26 times 2019 revenue of $1.13 billion.

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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.

The initial public offering price is expected to be between $16.00 and $18.00 per ADS. Real Time Engagement API Provider Agora Announces Filing for IPO under the ticker symbol “API” By PR Newswire - June 5, 2020 - in NEWS. On its first day of trading, Agora is being granted a valuation even higher than that of larger rival Twilio  (TWLO) - Get Report.

Les investisseurs sont invités à se reporter au chapitre Facteurs de risques du prospectus.

0. And as of the time of this article, shares are trading at $46.85, up 134%. Agora’s IPO is secured by Morgan Stanley & Co. LLC and BofA Securities Inc. California: 2905 Stender Way #36, Santa Clara, CA 95054, New York: 200 Vesey St Fl 24 New York, NY 10281. 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. Privacy Notice and

Agora had $151.7 million in cash and cash equivalents as of March 31, according to the report.

Subscriber Agreement & Terms of Use Updated 10/22/2020 The latest information on initial public offerings (IPOs), including latest IPOs, expected IPOs, recent filings, and IPO performance from Nasdaq. 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. Action Alerts PLUS is a registered trademark of TheStreet, Inc. ... 116% above its $20 IPO price. A copy of the preliminary prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, via telephone: 1-917-606-8487, or via email: [email protected]; or BofA Securities, Inc., Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, via email at [email protected]. The proposed offering will be made only by means of a prospectus.

The warm reception and rich multiples granted to Agora is one more example of Wall Street’s current enthusiasm for high-growth software companies. 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 … Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. Cookie Notice.

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