QYOU Media’s Chtrbox Files for India’s First Influencer Marketing IPO

An announcement from QYOU Media ( (TSE:QYOU) ) is now available.

QYOU Media’s subsidiary, Chatterbox Technologies, has filed for an IPO on the SME platform of the BSE Limited, marking India’s first influencer marketing-focused IPO. This move positions Chtrbox as a pioneering publicly listed company in the influencer marketing space in India, aiming to leverage the growing creator economy. Additionally, QYOU Media announced a $2 million non-brokered private placement to support expenses related to the transaction, with proceeds expected to cover legal, accounting, and consulting fees, as well as final earnout payments from Chtrbox’s acquisition.

More about QYOU Media

QYOU Media Inc. operates in India and the United States, focusing on producing and distributing content created by social media stars and digital content creators. The company is involved in influencer marketing through its subsidiary Chatterbox Technologies Limited (Chtrbox), which connects brands and social media influencers to engage audiences on platforms like Instagram. Chtrbox has managed numerous campaigns and is expanding its operations internationally, targeting markets like the UAE and Southeast Asia.

YTD Price Performance: 11.54%

Average Trading Volume: 33,788

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $14.62M

Learn more about QYOU stock on TipRanks’ Stock Analysis page.