Who Owns Agora Company?

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Who Really Controls Agora Company?

Understanding the Agora SWOT Analysis is just the first step; true investment savvy demands knowing who's steering the ship. Agora Company's ownership structure dictates its strategic moves, financial priorities, and long-term vision. This deep dive into Agora's shareholder base, board of directors, and key stakeholders reveals the forces shaping this dynamic tech innovator.

Knowing "who owns Agora" is paramount for anyone looking to understand the Agora business. Unraveling the Agora Company ownership structure, from its founders to its current shareholders, offers crucial insights into its operational focus and future prospects. This analysis will explore the Agora legal structure, identify key Agora shareholders, and examine recent trends to provide a comprehensive view of this RTE PaaS leader.

The story of Agora, Inc. begins in 2014, with Tony Zhao (Bin Zhao) at the helm as founder, chairman, and CEO. Tony Wang also played a key role as a co-founder. Understanding the early ownership structure provides insights into the company's foundational support and strategic direction.

In its early days, Agora secured $6.6 million in seed funding. This initial investment came from SIG China and Morningside Ventures. While the exact equity distribution among the founders at the outset isn't publicly detailed, the significant stake retained by Bin Zhao underscores his continuing influence.

As of March 31, 2025, Bin Zhao holds a substantial position, with 24% of the company's shares, totaling 22,472,344 shares. This significant ownership reflects a commitment to long-term strategic vision. Morningside Group Limited, an early backer, also maintains a considerable presence, holding 21% of the shares, or 19,659,396 shares, as of March 31, 2025.

Founders

Bin Zhao (Tony Zhao) and Tony Wang co-founded Agora in 2014.

Seed Funding

Initial seed funding of $6.6 million was secured in 2014.

Key Shareholders

Bin Zhao holds 24%, and Morningside Group Limited holds 21% as of March 31, 2025.

Ownership Structure

The founder retains significant ownership, indicating long-term strategic alignment.

Public Information

Specific details on vesting schedules or buy-sell agreements are not publicly available.

Impact

The ownership structure shapes the company's direction and strategic decisions.

The current Growth Strategy of Agora is influenced by the founders and early investors. Understanding the Agora Company ownership is crucial for those looking into the Agora business and the Agora legal structure. The Agora shareholders, including the founders and early backers, play a vital role in the company's trajectory. For those interested in the Who owns Agora and the Agora company, this overview provides a foundational understanding. Further research into Agora Company's ownership structure and Agora Company key executives can provide more detailed insights into the company's operations and future prospects.

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The ownership structure of Agora, Inc. has changed since it went public, influenced by various investment rounds and shifts in major shareholding. As of March 31, 2025, the company's ownership is distributed among institutions, individual insiders, venture capital/private equity firms, and the general public. Understanding the evolution of Agora Company ownership is crucial for investors and stakeholders.

The shifts in institutional holdings, as seen in Q3 and Q4 2024, highlight the dynamic nature of Agora's ownership. These changes, such as additions by CLOUDALPHA CAPITAL MANAGEMENT LIMITED and YONG RONG (HK) ASSET MANAGEMENT LTD, and reductions by PINPOINT ASSET MANAGEMENT LTD and GGV CAPITAL LLC, can potentially influence company strategy, though the immediate effects are not always clear. The company's legal structure and the identity of its shareholders are key aspects to consider when analyzing its performance and future prospects.

As of March 31, 2025, the top 25 shareholders collectively own 83.3% of the company. Key stakeholders include Bin Zhao, the Co-Founder and CEO, holding 24% of the shares. Other significant shareholders are The Morningside Group Limited (21%), Susquehanna International Group, LLP, Asset Management Arm (8%), and Powszechne Towarzystwo Emerytalne PZU SA (4.92% as of December 31, 2024). Further, CloudAlpha Capital Management Limited holds 3.2%, Yong Rong (HK) Asset Management Limited holds 3.06%, Allspring Global Investments, LLC holds 2.41%, and Neumann Advisory Hong Kong Limited holds 2.32% of the shares. For more insights, you can read about the Growth Strategy of Agora.

Ownership Insights

Agora Company ownership structure is diverse, with significant holdings by institutions, insiders, and VC/PE firms.

• Bin Zhao, the CEO, is a major shareholder.
• Institutional investors hold a significant portion of the shares.
• Ownership changes reflect shifts in investor confidence and strategy.
• Understanding the shareholders is crucial for assessing the company's direction.

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The current board of directors at Agora, Inc. oversees the company's strategic direction and governance. The board is composed of several key individuals, each bringing unique expertise to the table. Understanding the composition of the board is crucial for anyone looking into the Agora Company ownership structure and the influence of its leadership.

The board includes prominent figures such as Bin Zhao, the Founder, Chairman, and CEO; Sheng Zhong, the CTO; Jingbo Wang, the CFO; and directors Hao Qin, Wendy Watson, Xiaochun Li, Eric He, and Steve Zhang. This diverse group of individuals helps guide the Agora business and ensures effective oversight of the company's operations.

The voting power within Agora is significantly influenced by the ownership structure. CEO Bin Zhao holds a substantial stake, approximately 24%, which grants him considerable influence over company decisions. The top four shareholders collectively control around 54% of the company, indicating a concentration of power among these key individuals and entities. This concentration is a key factor in understanding who owns Agora and how decisions are made within the company. There have been no recent reports of proxy battles or activist investor campaigns, suggesting a stable ownership environment.

Understanding Agora's Leadership and Voting Power

The board of directors and the distribution of shares are key to understanding Agora's governance.

• The CEO's significant ownership gives him considerable influence.
• A concentrated ownership among the top shareholders affects decision-making.
• Understanding the board and ownership helps in evaluating the Agora legal structure and its potential.
• This structure is important for anyone researching the Agora Company ownership.

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Over the past few years, the ownership structure of Agora, Inc. has seen several shifts. A significant share repurchase program has been underway, with approximately 131.8 million Class A ordinary shares repurchased for about US$116.4 million as of March 31, 2025. This is part of a US$200 million program extended through February 28, 2026. This action reduces the total number of outstanding shares. As of March 31, 2025, there were 374.0 million ordinary shares outstanding, a decrease from 449.8 million before the program began on January 31, 2022. These changes are crucial for understanding who owns Agora and how the company is managing its capital.

In a show of confidence, senior management has committed to a lock-up period from December 2, 2024, to December 31, 2025, preventing them from selling their shares. This includes CEO Tony Zhao, CTO Shawn Zhong, CFO Jingbo Wang, and VP Robbin Liu. The exception is CTO Shawn Zhong, who was allowed to sell up to 0.4 million ADSs by December 31, 2024. This decision by the key executives highlights their belief in the company's future, impacting the Agora Company ownership.

Institutional investors continue to actively adjust their positions, influencing the Agora business landscape. In Q3/Q4 2024, 23 added shares, while 20 decreased their holdings. In Q1 2025, significant share additions and removals occurred, with TMT GENERAL PARTNER LTD adding 7,728,261 shares and VITRUVIAN PARTNERS LLP removing 844,105 shares. These movements reflect evolving investor sentiment. The company’s achievement of GAAP profitability in Q4 2024, with expectations to maintain it throughout 2025, is likely to further influence ownership trends. To learn more about the company's financial model, explore Revenue Streams & Business Model of Agora.

Who Owns Agora?

The ownership of Agora is influenced by share repurchases, indicating a focus on shareholder value. Senior management's lock-up commitment further stabilizes the ownership structure.

Agora's Shareholder Base

Institutional investors actively trade Agora shares, reflecting their evolving views on the company's performance and future prospects. Key executives also hold a significant stake.

Future Outlook for Agora

The company's sustained profitability in 2025 is expected to positively affect investor sentiment. This could lead to shifts in the Agora Company ownership structure.

Key Ownership Trends

Share repurchases, management's lock-up, and institutional investor activity are the main trends. These factors shape the Agora legal structure and shareholder dynamics.

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