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An announcement from QYOU Media ( (TSE:QYOU) ) is now available.
QYOU Media’s Indian subsidiary, Chatterbox Technologies, has successfully completed its IPO on the Bombay Stock Exchange’s SME platform, marking it as the first social media and influencer marketing company in India to be publicly listed. The IPO was oversubscribed by 52 times, leading to a 17% increase in share price within two days, reflecting strong investor interest. The successful listing is expected to enhance Chatterbox’s growth prospects and financial performance, while QYOU Media remains the largest shareholder, indicating continued strategic involvement in the company’s future developments.
More about QYOU Media
QYOU Media is a rapidly growing media company operating in India and the United States, focusing on content creation, distribution, and monetization through social media influencers and digital content stars. Its Indian subsidiary, Chtrbox, serves as an influencer marketing platform connecting brands with social media influencers, while in the U.S., it collaborates with major film studios, game publishers, and brands to create content. Founded by industry veterans from companies like Lionsgate, MTV, Disney, Sony, and TikTok, QYOU Media targets millennial and Gen Z audiences, reaching over a billion consumers.
YTD Price Performance: 37.50%
Average Trading Volume: 168,238
Technical Sentiment Signal: Buy
Current Market Cap: C$32.88M
See more insights into QYOU stock on TipRanks’ Stock Analysis page.