Agora Shares Rise After CEO Pledges to Buy Stock

Dow Jones06-02

By Chris Wack

Agora shares were 17% higher, at $4.81, after the company said its chief executive plans to buy company shares using personal funds.

The AI and real-time engagement technology company said that CEO and chairman Tony Zhao has informed the board of directors of his intention to use his personal funds to buy up to $20 million of Agora's American depositary shares or class A ordinary shares in the next 12 months.

Agora said the management share purchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.

The stock hit its 52-week high of $5.15 in January, and is 33% higher in the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

June 01, 2026 12:57 ET (16:57 GMT)

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