shares are up 145% Friday to $49.19 on their Wall Street debut, the morning after it priced its initial public offering above the expected range. Agora’s stock price surged on its first day of trading, closing more than 150 percent above its IPO price. Shares of General Electric Co. rallied Tuesday toward their first gain in four trading days, after two Wall Street analysts raised their price targets by more than 40%, both on upbeat outlooks for 2021. Agora had issued 17,500,000 shares in its IPO on June 26th. Agora Inc. API, -0.72% shares are up 145% Friday to $49.19 on their Wall Street debut, the morning after it priced its initial public offering above the expected range. This was Agora's second earnings release as a public company after following its IPO over the summer. At current levels, Agora, which trades under the symbol API, is worth $5.2 billion after accounting for outstanding shares and stock options. Stock Events is the easiest and simplest way to view upcoming and past public company earnings, dividiends and more. It's a low volume stock, needs to catch up interest to break out. What do I do. The demand for shares of the company still looks higher than the supply. Shares of Agora Inc. more than doubled in its trading debut, after the Shanghai-based video interaction software company's initial public offering priced above its expected range. © 2020 TheStreet, Inc. All rights reserved. Follow him on Twitter @jswartz. When losses related to preferred share costs are removed, Agora's losses were $2.5 million in Q1 2019 and $3.4 million in Q1 2020. Agora's platform, like Twilio's, lets developers add communications features to their websites and apps. This suggests a possible upside of 5.2% from the stock's current price. Whereas revenue rose 47% in 2019, it grew 166% annually in Q1 2020 to $35.6 million. A $6.2 million net loss was reported for 2019, but $3 million in net income was reported for Q1. 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. And as of the time of this article, shares are trading at $46.85, up 134%. Agora’s main executive offices are located in China, and the company counts a number of Chinese tech companies as clients and considers Chinese tech giant Tencent  (TCEHY)  a rival. Stock Events is designed to be as simple and reliable as possible to save you valuable time. That’s equal to a … Find the latest Agora, Inc. (API) stock quote, history, news and other vital information to help you with your stock trading and investing. That’s equal to a whopping 81 times 2019 revenue of $64.4 million. Agora reported a net loss of $36.9 million on total revenue of $35.6 million during the three months ended March 31, compared with a loss of $13.1 million on revenue of $13.4 million in the same period a year ago. IPO News. Voice Call Add real-time crystal-clear voice chat into any application with our easy-to-embed SDK. My wife and I missed mortgage payments over unpaid debts, yet she spends money and hides her finances. Like many other tech companies that have gone public in recent years, Agora has a dual-class share structure: Its Class B shares, all of which are owned by CEO Tony Zhao, have 20 times the voting power of its Class A shares. There have been ups and downs since then, but its stock has remained well-above its IPO price ever since the company went public. It posted a net income of … API, These and other conditions can cause a rise in the share price today. It came after Albertsons’ merger with Safeway. The Agora real-time communication stack includes features like include voice calling, video calling, … Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Agora Inc. API, +9.78% shares are up 145% Friday to $49.19 on their Wall Street debut, the morning after it priced its initial public offering above the expected range. We can't do anything about things like legislation or other factors that might affect us," he added, acknowledging federal legislation that could impact companies with major operations in China. The share price is rising and gonna continue this trend today. View analysts' price targets for Agora or view Wall Street analyst' top-rated stocks . Products. Why Agora (API) Stock is a Compelling Investment Case. Stock Events brings you closer to the information you need which is why Stock Events is a must-have tool for any investor. 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. Agora's financials make its IPO pricing a neat puzzle, so let's pull apart the good and the bad to better understand why the market was willing to pay than the company anticipated. Agora, a Chinese provider of APIs for developers to embed voice, video, and messaging, raised $350 million by offering 17.5 million ADSs at $20, above the range of $16 to $18. On average, they expect Agora's stock price to reach $50.00 in the next year. CNW Group. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Agora Inc., an API developer with offices in China and California, seeks an initial public offering of up to $100 million in New York. Agora raised $350 million through its offering via the sale of 20 million American depositary shares (ADSs). As a result, Zhao’s shares give him more than 80% of all voting rights. However, late 2015 wasn’t friendly to retail stocks. Copyright © 2020 MarketWatch, Inc. All rights reserved. Agora Inc. At current levels, Agora, which trades under the symbol API, is worth $5.2 billion after accounting for outstanding shares and stock options. GE’s stock jumps after two Wall Street analysts raise their targets by more than 40%, This month’s hottest IPO isn’t DoorDash or Airbnb — it’s artificial-intelligence company C3.ai, As bitcoin busts out new records, these market watchers see $250,000 and even $400,000 on the horizon, Jobless claims hit nearly 4-month high on more coronavirus-induced layoffs, Americans are draining their checking accounts as stimulus talks drag on. About Agora.io Stock Founded in 2014, Agora is a Communications-Platform-as-a-Service (CPaaS) provider delivering mobile-first, real-time communications for developers and businesses globally. Insider Monkey. -2.95% 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. SEE CHART. 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. After the end of Agora's lock-up period, restrictions preventing company insiders and major shareholders … Rings the Opening Bell in Celebration of its IPO Date & Time Jun 26, 2020 9:15am - 9:30am Location Nasdaq MarketSite Tower, 4 Times Square New York "Our service is quite relevant in this work-from-home climate, and the feedback to our public debut today is good," Agora Chief Executive Tony Zhao told MarketWatch in a phone interview Friday. Stock Markets Delay Albertsons IPO. The video-interaction software company, with headquarters in Shanghai and Santa Clara, Calif., raised $350 million on the sale of 17.5 million American Depositary Receipts at $20 per ADS, compared with expectations that the IPO would price between $16 and $18. 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. The first was in 2015. IPO intraday trading strategy idea Agora offers a suite of voice and video application programming interfaces. "But our focus is always focused on building a good company. 29 minutes ago - DoorDash IPO Soars; Commission Caps Make Early News - PYMNTS 1 hour ago - Software firm C3.ai skyrockets 174% after $651 million IPO - Business Insider 2 hours ago - DoorDash IPO Spurs Other Stocks.SoftBank Is the Biggest Winner. Needs to break out the wedge for confirmation. On its first day of trading, Agora is being granted a valuation even higher than that of larger rival Twilio  (TWLO) - Get Report. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Market Watch - 5 months ago Agora's stock more than doubles in public debut AGORA $API POST IPO, POSSIBLE BOTTOM. - Barrons; 2 hours ago - DoorDash stock takes off as IPO price starts trading at $182 per share - CNET 2 hours ago - Airbnb Sets Sights … The warm reception and rich multiples granted to Agora is one more example of Wall Street’s current enthusiasm for high-growth software companies. Agora, Inc. : Get the latest Agora stock price and detailed information including news, historical charts and realtime prices. Agora's API is the most widely adopted API for real-time communications around the world, installed on more than 500 million devices and rapidly growing. MENU MENU. Filed 2020-06-05 Terms Added 2020-06-19: For IPO Boutique's "scale of 1 to 5" BUY rating on Agora, Inc., and our comprehensive analysis, click "Buy Market Research. However, it also has a large U.S. subsidiary (known as Agora Lab) that’s based out of Silicon Valley. 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. 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. Agora's API is installed on more than 500 million devices. This is the third time Albertsons has attempted an IPO. Underwriters have an option (likely to be picked up) to purchase another 2.625 million shares to cover overallotments. The stock has added to gains since the open, and was last trading 145.0% above its IPO price. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Agora also intends to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 ADSs … Agora IPO | API NASDAQ Listed – View Bell Ringing Ceremony. For most investors, an IPO signals an opportunity to start buying the company's stock the day it starts trading on the market, rather than the chance to get in on the stock at the set IPO price. Chinese software company Agora Inc., whose U.S. headquarters is in Santa Clara, set price targets Monday for a Friday IPO in which it hopes to raise up to $362 million. Video Call Embed real-time high quality video chat and group chat into any app with our easy-to-embed SDK. 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. On opening day, the stock rose about 66 percent to $33.25, up from $20 when it began trading. Oct-26-20 08:00AM ... Agora Announces Closing of Initial Public Offering and Full Exercise of the Underwriters' Overallotment Option. For comparison, Twilio, which is up about 120% on the year, trades for 26 times 2019 revenue of $1.13 billion. Agora Inc.'s api initial public offering priced late Thursday above the expected range, as the Shanghai-based video interaction software company raised … 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 common stock. Investors wanted to take the company public and raise $1.6 billion. ". Shares of Agora, a China and U.S.-based “real-time engagement” API company, soared today after it went public. More about Agora IPO In its filing to Nasdaq , Agora reported a Q1 growth in revenue by 165.7% making up $35.6 million. Jun-26-20 04:42PM : Albertsons Falters in Debut After $800 Million IPO Letdown. 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