A few weeks ago Agora filed their initial F1 statement (the equivalent of a S1, but for foreign companies listing on a US exchange) and will begin trading under the “API” symbol soon. Agora is a China based company, which will make it quite interesting to see how it’s received in the US markets. A S1 is a document companies file with the SEC in preparation for listing their shares on an exchange like the NYSE or NASDAQ. The document contains a plethora of information on the company including a general overview, up to date financials, risk factors to the business, cap table highlights and much more. The purpose of the detailed information is to help investors (both institutional and retail) make investment decisions. There’s a lot of info to digest, so in the sections below I’ll try and pull out the relevant financial information and benchmark it against recent cloud IPOs.
Great article! Thank you. No doubt that this stock gonna be amazing!