Amagi Media Labs shares rally 13% after discount listing tests investor conviction

Amagi Media Labs shares rebounded sharply on their debut day, rising nearly 13% from opening levels after listing at a double-digit discount to the issue price. The recovery came despite a muted start that mirrored grey market expectations, as strong institutional and non-institutional demand in the IPO underscored investor confidence in the company’s connected TV and ad-tech growth story.