What is AGS Transact IPO?

AGS Transact IPO is a public issue of 28,674,696 equity shares. The issue offers 14,337,348 shares to retail investors, 8,192,770 shares to qualified institutional buyers, and 6,144,578 shares to non-institutional investors. Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs.

How much control do founders have at IPO?

At IPO, most founders lack even weak control: the frequency of founder-CEO is only 41%. The frequency of founder-CEO/blockholder is much lower: about 7%.

Do VC-backed companies regain control after an IPO?

Related research from the Program on Corporate Governance includes Renegotiation of Cash Flow Rights in the Sale of VC-Backed Firms, by Jesse Fried and Brian Broughman (discussed on the Forum here ). Startup founders, who typically must cede control of their firms to obtain VC financing, are widely believed to regain control in the event of an IPO.