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QYOU Media Subsidiary Chatterbox Technologies Completes Successful India IPO
Prnewswire· 2025-10-06 12:30
Core Insights - ChatterBox Technologies, a subsidiary of QYOU Media Inc., has successfully listed on the BSE SME platform, becoming the first company in India focused on social media and influencer marketing to go public [1][3] - The IPO was highly successful, being oversubscribed by 52 times, and the stock price increased by 17% within the first two days of trading [1] - The IPO raised approximately ₹42.86 Crore (around $6.73 million CAD) through the issuance of 3,727,200 equity shares, resulting in a market capitalization of ₹190 Crore (approximately $30 million CAD) after two days of trading [1] Company Overview - Founded in 2016, ChatterBox Technologies connects brands with influencers and creators, playing a significant role in India's creator economy [2] - QYOU Media operates in both India and the United States, focusing on content created by social media influencers and digital content stars [6] - The company has a strong presence in influencer marketing through its platform Chtrbox, which supports brands with content strategy and digital storytelling [2][6] Market Performance - Over the first two days of trading, ChatterBox Technologies saw a trading volume of 2.1 million shares, representing over $4.2 million CAD, indicating strong investor interest [1] - The stock movement is regulated, with a cap of ±5% during the first 10 trading days and ±10% during the subsequent 10 trading days, expanding to ±20% thereafter [2] Leadership Statements - QYOU Media's CEO Curt Marvis and ChatterBox's CEO Raj Mishra expressed confidence in the company's growth trajectory and the positive financial impact expected from the listing [5]