Amagi's muted listing cuts valuation 41% to $821 million
Software-as-a-service ( SaaS) firm Amagi Media Labs made a subdued stock market debut on Wednesday, with its market capitalisation declining more than 41% to about $821 million compared to its last private market valuation.
The company was last valued at $1.4 billion in 2022, when it raised $100 million from General Atlantic.
The stock listed at Rs 317 per share on the BSE, a 12.1% discount to its issue price of Rs 361, before recovering to about Rs 348.
The company was last valued at $1.4 billion in 2022, when it raised $100 million from General Atlantic.
The stock listed at Rs 317 per share on the BSE, a 12.1% discount to its issue price of Rs 361, before recovering to about Rs 348.
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