Agora

agora
agora
Company Information
Company Description

Agora is a technology company offering a Real-Time Engagement Platform-as-a-Service, or RTE-PaaS. The platform provides software developers simple-to-use, highly customizable and widely compatible application programming interfaces, or APIs, to embed real-time video and voice functionalities into their applications without the need to develop the technology or build the underlying infrastructure themselves.

Industries
Developer APIs, Developer Tools, PaaS, Real Time

Please note, it is important to assess the company’s business activities against Section 1202(e)(3) which specifies certain industries that are not considered a “qualified trade or business.”

Entity Type
C Corporation

A C corporation is a qualified legal entity for QSBS.

Incorporation Date

2012

Incorporation State
California
Qualified Small Business Stock (QSBS) Details

Exemption Level

Given the Company was incorporated after September 27, 2010, all shares could be eligible for up to a 100% tax exclusion if the other QSBS criteria are met.

Any individual owning stock purchased or received directly from the company could potentially be eligible for the QSBS capital gains tax exclusion or the Section 1045 gain rollover if the QSBS standards as per IRC Section 1202 were met at the time of issuance.

In order to assess whether stock issued previously may qualify, the Company would also have to have not taken actions that invalidate QSBS status such as a certain level of redemptions, and would have to satisfy the active business requirement.

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IPO Details
IPO Date
Symbol
API
IPO Raised
$350,000,000.00
IPO Price
$20.00
IPO Date Adjusted Closing Price
$50.50

This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.