Accel Says Amagi ‘Phenomenal' Bet Even as Market Debut Disappoints

Amagi’s muted listing cuts valuation 41% to $821 million

Amagi Media Labs made a muted stock market debut, with its market capitalisation falling over 41% from its last private valuation. The SaaS company raised Rs 1,789 crore through its IPO, which was subscribed 30 times despite global market concerns. Early backers and founders of Amagi Media Labs saw a modest dip in paper gains following the listing.

Amagi Media Labs Faces Rocky Stock Market Debut: A 4% Drop on Day One

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Accel says Amagi ‘phenomenal' bet even as market debut disappoints

Given the choice, Accel would not have sold anything in the initial public offering of Amagi, say the global venture capital firm's partners

Amagi slides in India debut, as cloud TV software firm tests investor appetite

Amagi shares debuted at a 12% discount, offering an early read on investor demand for a rare type of tech listing in India.

Amagi Shares End First Trading Session 4% Below Issue Price

Update | January 21, 18:05 IST Shares of Amagi recovered after a muted listing and ended the first trading session 3.6% below the issue price at INR 348 on the BSE. This was almost 9.8% above the listing price of INR 317. The company’s market capitalisation stood at INR 7,528.6 Cr (about $821.7 Mn) at the end of the session.  On the NSE, the stock ended at INR 348.30, down 3.5% from the issue price of INR 361. This was 9.5% above the listing pri…

BLK ALERTS - Amagi slides in India debut, as cloud TV software firm tests investor appetite

Amagi shares debuted at a 12% discount, offering an early read on investor demand for a rare type of tech listing in India.