After botched IPO, Asian streaming startup M17 gets a $35M lifeline from investors

After botched IPO, Asian streaming startup M17 gets a $35M lifeline from investors

6 years ago
Anonymous $roN-uuAfLt

https://techcrunch.com/2018/06/14/m17-gets-a-35m-lifeline/

Asian tech company M17, which operates a live-streaming platform and data app business, has confirmed that it has canceled its proposed U.S. public listing and raised private funding to keep its business alive.

The Taiwan-based company dramatically halted its NYSE listing last Friday despite pricing its IPO, and now it has clarified the situation. Well, sort of. In an announcement, the company said it had run into “settlement issues” related the listing which is why it was called off.

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