M17 Entertainment Limited

General Information
Business:

 

We operate the largest live streaming platform by revenue in Developed Asia with a market share of 19.2% in the first quarter of 2018, according to Frost & Sullivan. In our home market of Taiwan, which, according to Frost & Sullivan, represented 36.1% of the live streaming market in Developed Asia in 2017, we were ranked number one among all live streaming platforms in terms of revenue with a market share of 38.6% in the first quarter of 2018, more than double that of our closest competitor. Artists located in Taiwan were responsible for 78.1% and 87.8% of live streaming revenue in 2016 and 2017, respectively. We have successfully extended our market leadership in Taiwan to other markets in Developed Asia that have close cultural proximity to Chinese-speaking countries. According to Frost & Sullivan, in the first quarter of 2018, we were number one among all live streaming platforms in Hong Kong by revenue with a market share of 15.3%, we ranked second among all live streaming platforms in Japan by revenue where we increased our market share to 18.6% from 9.6% in the fourth quarter of 2017. We are a tech-enabled entertainment company led by veteran media and entertainment executives.

Industry: COMPUTER PROGRAMMING, DATA PROCESSING
Employees: 583
Founded: 2013
Contact Information
Address 13F, No. 2, Sec. 5, Xinyi Road, Xinyi District, Taipei City 110, Taiwan, Republic of China
Phone Number +886 (2) 2720-8688.
Web Address http://m17.asia
View Prospectus: M17 Entertainment Limited
Financial Information
Market Cap $380.3mil
Revenues $116.2 mil (last 12 months)
Net Income $-70.9 mil (last 12 months)
IPO Profile
Symbol YQ
Exchange NYSE
Shares (millions): 7.5
Price range $8.00 - $8.00
Est. $ Volume $60.1 mil
Manager / Joint Managers Citigroup/ Deutsche Bank Securities
CO-Managers Daiwa Capital Markets/ Mizuho Securities
Expected To Trade:
Status: Withdrawn
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