SANTA CLARA, California,
June 30, 2020 /PRNewswire/
-- Agora, Inc. ("Agora"), a real-time engagement API provider,
today announced the closing of its initial public offering of
20,125,000 American depositary shares ("ADSs"), each representing
four Class A ordinary shares of Agora, at a price to the public of
$20.00 per ADS. The number of ADSs
issued at closing included the exercise in full of the
underwriters' option to purchase 2,625,000 additional ADSs to cover
overallotments. The ADSs began trading on the Nasdaq Global Select
Market on June 26, 2020 under the
ticker symbol "API."
Morgan Stanley and BofA Securities acted as the lead bookrunning
managers for the offering. Needham & Company acted as
co-manager for the offering.
The offering was made only by means of a prospectus. Copies of
the 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: prospectus@morganstanley.com; or BofA
Securities, Inc., Attention: Prospectus Department, NC1-004-03-43,
200 North College Street, 3rd Floor, Charlotte,
NC 28255-0001, via email
at dg.prospectus_requests@bofa.com.
A registration statement on Form F-1 relating to these
securities has been filed with the Securities and Exchange
Commission and was declared effective on June 25, 2020. 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.
Media Contact:
Meghan Gardner
agora@matternow.com
971-246-7896
Suzanne Nguyen
Suzanne@agora.io
408-879-5885
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