Taiwan's M17 Entertainment postpones $83 million US IPO

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M17 Entertainment, a Taiwan-based live music streaming platform and dating app, postponed its IPO on Wednesday. It had filed to raise $83 million by offering 7.5 million shares at a price range of $10 to $12.

The Taipei, Taiwan-based company was founded in 2013 and booked $116 million in sales for the 12 months ended March 31, 2018. It had planned to list on the NYSE under the symbol YQ. Citi and Deutsche Bank were set to be the joint bookrunners on the deal.

The article Taiwan's M17 Entertainment postpones $83 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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