Spotify rival Anghami skyrockets over 80 percent in Nasdaq debut

Shares of Anghami Inc. soared more than 80 percent in their Nasdaq debut. (Screenshot)

• The first Arab tech company to list on Nasdaq, Abu Dhabi-headquartered Anghami has more than 70 million registered users

REUTERS: Shares of Anghami Inc. soared more than 80 percent in their Nasdaq debut on Friday following the Middle East and Northern Africa-focused music streaming platform’s $220 million merger with blank-check firm Vistas Media Acquisition Company
The first Arab tech company to list on Nasdaq, Abu Dhabi-headquartered Anghami has more than 70 million registered users and partnerships with Universal Music Group, Sony Music and Warner Music Group.