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Amagi listing dampens paper gains for early investors
Amagi’s discounted listing reduced paper gains for founders and investors as valuation concerns and cautious market sentiment weighed on the stock debut.
Founders and early investors of Amagi saw paper gains decline after the company listed at a discount to expectations. Market participants attributed the muted debut to valuation concerns and broader equity market volatility. Analysts said profit booking and cautious sentiment toward technology IPOs weighed on the performance, though long term prospects depend on execution strength and sustained advertising growth trends.