Why Agora's Stock Is Trading Higher Today

Agora API shares are trading higher Monday after the company announced it raised $250 million from private placement.

Agora allows for real-time and mobile-to-mobile communications through a virtual Agora Global Network. Agora is a PaaS provider.

Agora shares were trading up 30.29% at $73.60. The stock has a 52-week high of $81.48 and a 52-week low of $33.60.