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Communication API platform Agora prices US IPO at $20, above the range

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. At pricing, the company commands a fully diluted market value of $2.2 billion.

Agora plans to list on the Nasdaq under the symbol API. Morgan Stanley and BofA Securities acted as lead managers on the deal.

The article Communication API platform Agora prices US IPO at $20, above the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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