Amagi India IPO performance 2026: Market Debut Met with Valuation Reality
Amagi Media Labs debuted on Indian exchanges at a discount, raising $196M. Explore the Amagi India IPO performance 2026, valuation trends, and global revenue growth.
The long-awaited unicorn exit didn't exactly go as planned. Amagi Media Labs, the Bengaluru-based cloud software provider for broadcasters, saw its shares slide on its debut in the Indian market. While it raised ₹17.89 billion (about $196 million), the opening price reflected a significant discount, highlighting the gap between private valuations and public market expectations.
Amagi India IPO performance 2026 and Valuation Trends
Shares of Amagi opened at ₹318 on Wednesday, marking a 12% discount to the issue price of ₹361. The stock eventually stabilized around ₹348.85, valuing the company at roughly $825.81 million. This is a sharp contrast to the $1.4 billion valuation Amagi secured during its November 2022 funding round led by General Atlantic.
A Rare Export-First Tech Success
Despite the rocky start, Amagi stands out as a unique technology player on Indian exchanges. Unlike most domestic IPOs that focus on Indian consumers, Amagi earns almost all of its revenue abroad—73% from the U.S. and 20% from Europe. Its revenue grew 34.6% year-over-year in the first half of 2025, and it maintains an impressive net revenue retention rate of 127%.
| Metric | Value / Stat |
|---|---|
| Opening Discount | 12% |
| Listing Day Valuation | $825.81M |
| 2022 Private Valuation | $1.4B |
| U.S. Revenue Share | 73% |
| Net Revenue Retention | 127% |
Authors
Related Articles
Waymo's new Ojai robotaxi isn't just a vehicle upgrade. It's the company's most serious attempt yet at cracking the cost problem that has kept autonomous vehicles from scaling. Here's what's really at stake.
Snowflake's new $6 billion AWS contract is about more than cloud spending. It signals a shift in AI infrastructure—away from Nvidia GPUs and toward cheaper, homegrown chips for the agent era.
China is restricting AI researchers and startup founders from traveling abroad as the U.S.-China AI performance gap narrows to just 2.7%. What Beijing's talent lockdown means for the global AI race.
UK Visa Portal, a private immigration service mistaken for an official government site, has been exposing passport scans and selfies of over 100,000 applicants. The breach remains unpatched.
Waymo's new Ojai robotaxi isn't just a vehicle upgrade. It's the company's most serious attempt yet at cracking the cost problem that has kept autonomous vehicles from scaling. Here's what's really at stake.
Snowflake's new $6 billion AWS contract is about more than cloud spending. It signals a shift in AI infrastructure—away from Nvidia GPUs and toward cheaper, homegrown chips for the agent era.
China is restricting AI researchers and startup founders from traveling abroad as the U.S.-China AI performance gap narrows to just 2.7%. What Beijing's talent lockdown means for the global AI race.
UK Visa Portal, a private immigration service mistaken for an official government site, has been exposing passport scans and selfies of over 100,000 applicants. The breach remains unpatched.
Thoughts
Share your thoughts on this article
Sign in to join the conversation