Initial public offering (IPO) filing expected by Amagi

Initial public offering (IPO) filing expected by Amagi

Amagi Files for IPO to Boost Tech Growth and Expansion

Indian software-as-a-service (SaaS) company Amagi has taken a significant step towards its growth and expansion in the technology industry by filing for an Initial Public Offering (IPO) with the Bombay Stock Exchange and National Stock Exchange of India. The IPO, aiming to raise ₹1,020 crore (approximately 10.2 billion Indian Rupees), will primarily be used to strengthen Amagi's cloud and technology infrastructure and potentially make acquisitions.

The company, valued around $1.4 billion, is targeting upgrades to its AI-powered cloud platform that supports cloud modernization, streaming unification, and ad monetization. Amagi serves a large portion of global top media companies, including the UK's Channel 4, Virgin Media, Warner Bros Discovery, and Banijay.

Amagi's recent acquisition of Tellyo’s business is a reflection of its strategy to enhance its video tools, live streaming, and editing capabilities. The acquisition is intended to improve the live video streaming and editing experience for customers worldwide.

The IPO proceeds will also help position Amagi as a leading tech-driven player in media’s digital transformation, supported by its strong investor base including Premji Invest, Accel, and Norwest. The reduced net loss in FY25 indicates improved financial health as it prepares for the public listing.

Amagi processes over 500,000 hours of content and generates 26 billion+ monetized ad impressions. The company powers over 7,000 channel deliveries across 300+ content distributors. The funding raised by Amagi is aimed at propelling its growth as a next-gen media technology platform.

The offer for sale in the IPO includes about 34.18 million shares, with some shares offered for sale by current shareholders as well. The IPO is Amagi's intention to go public and trade its shares on the stock exchanges.

Summary:

| Aspect | Details | |-------------------------------|-------------------------------------------------------------| | IPO Size | ₹1,020 crore (~₹10.2 billion) | | Use of Funds | Strengthening cloud and tech infrastructure, acquisitions, general corporate purposes | | Recent Acquisition | Tellyo’s video tools/business | | Valuation | Approximately $1.4 billion | | Investors | Premji Invest, Accel, Norwest | | Market Position | AI-powered cloud platform in M&E sector, serving 45% of top 50 global M&E companies by revenue | | Clients | UK's Channel 4, Virgin Media, Warner Bros Discovery, Banijay | | Channel Deliveries | Over 7,000 channel deliveries across 300+ content distributors | | Content Processed | Over 500,000 hours of content | | Ad Impressions Generated | 26 billion+ monetized ad impressions | | Offer for Sale | 34.18 million shares | | Expected Use of Funds | Not explicitly mentioned |

Thus, Amagi plans to leverage its IPO funding primarily to enhance its technology backbone and expand through acquisitions, reinforcing its leadership in media SaaS and streaming infrastructure. The IPO is a means for Amagi to raise capital for its future growth and development.

Amagi aims to utilize its IPO funds primarily for reinforcing its technology infrastructure and making strategic acquisitions, strengthening its position as a leader in the media SaaS and streaming sector. The IPO serves as a significant financial milestone for Amagi, facilitating its growth and development.

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