QYOU Media Subsidiary Chatterbox Technologies Completes Final IPO Book Building
Rhea-AI Summary
QYOU Media (OTCQB:QYOUF) has announced the completion of the book building process for its subsidiary Chatterbox Technologies Limited's upcoming IPO on the BSE Limited. The IPO, scheduled for October 3, 2025, has achieved remarkable success with a 52x oversubscription at the top-end price of 115 Indian Rupees.
The offering aims to raise 42.86 Crore (C$6.73 million) through the issuance of 3,727,200 equity shares. The strong demand resulted in orders exceeding 1500 Crore (C$235 million). Post-IPO, QYOU Media will maintain majority ownership, selling up to 18.02% of Chatterbox Technologies. Notably, Chatterbox Technologies will become India's first exclusive influencer marketing business to be listed on a public equity exchange.
Positive
- Extraordinary 52x oversubscription indicates strong market confidence
- IPO attracted over C$235M in orders against C$6.73M offering size
- QYOU Media retains majority control post-IPO
- First-mover advantage as India's first listed influencer marketing company
Negative
- Dilution of QYOU Media's ownership by up to 18.02%
News Market Reaction
On the day this news was published, QYOUF gained 91.26%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Issue is 52x Oversubscribed at the Top End Price Signifying Strong Investor Interest for the October 3, 2025 Listing
The staggering 52x oversubscription level has resulted in over
Founded in 2016, Chatterbox Technologies has played a pioneering role in
Raj Mishra, Managing Director and CEO of Chatterbox Technologies commented, "This completes the final step in our push to be listed publicly and it could not have gone better. It is testament to the success of the Chatterbox Technologies business to date and a strong indication of the future potential of our business going forward. We all look forward to our launch on Friday."
Curt Marvis, CEO and Co-Founder of QYOU Media added, "I am here in
About QYOU Media
Among the fastest growing creator driven media companies, QYOU Media operates in
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward- looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the timeline for completion of the IPO and listing of Chatterbox Technologies on the BSE Limited and final allocations for the IPO.
Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Additional risks and uncertainties regarding the Company are described in its publicly available disclosure documents, filed by the Company on SEDAR+ (www.sedarplus.ca) except as updated herein. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE QYOU Media Inc.