Taiwan’s M17 Entertainment Postpones New York IPO

TAIWAN NEWS – June 13 – Live streaming and dating app group M17 Entertainment is postponing its IPO on the New York Stock Exchange (NYSE) as it had obtained $35M in private capital. M17 said the new round of funding would allow the company to remain private as well as "lively" and flexible, while continue to expand its business in Asia. The new funds came from Infinity Venture Partners of Japan, Convergence Ventures of Indonesia, and Majuven Capital and Global Grand Capital of Singapore.