Agora announces private placement financing of us$250 million

Santa clara, calif., feb. 01, 2021 (globe newswire) -- agora, inc. (nasdaq: api) (“agora” or the “company”), a pioneer and leading platform for real-time engagement apis, today announced that an accredited investor had agreed to purchase through a private placement a total of us$250 million of newly issued class a ordinary shares of the company, representing approximately 4.5% of the company's total outstanding shares. the private placement is expected to be closed in february 2021, subject to the satisfaction or waiver of customary closing conditions.
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