The SIG-backed video communication software provider priced its shares above the range and will go public later today.

Agora, a China-based video communication technology provider backed by quantitative trading firm Susquehanna International Group (SIG), will float on the Nasdaq Global Select Market today in a $350m initial public offering.

The offering will consist of 17.5 million American depositary shares (ADSs), each representing four ordinary shares, priced at $20.00 each, above the $18 to $20 range the company had set. The IPO price values it at $2bn.

Existing backers Coatue Management, Neumann Capital and an affiliate of Vitruvian Partners…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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