Founders, investors see paper gains shrink as Amagi lists at 12% discount

Early backers and founders of Amagi Media Labs, a software-as-a-service (SaaS) company that provides cloud-based technology for video streaming and advertising, saw their paper gains shrink after its stock market debut on Wednesday.

The stock listed at Rs 317 per share on the BSE, a 12.1% discount to its issue price of Rs 361. It is currently trading at a market capitalisation of Rs 6,857 crore.