The online streaming platform is seeking a reported $50m from existing investors that include JTBC, Yoshimoto Kogyo, MNC, Liberty Global, Sky, PLDT, Zain Group and Hearst.
Malaysia-based online streaming platform iFlix, which counts several corporates as investors, is postponing plans for an initial public offering in Australia in order to raise more funding, DealStreetAsia reported on Friday.
The company is targeting $50m and intends to raise the cash from its existing investors, multiple industry sources told DealStreetAsia. It had reportedly hired Macquarie Capital and UBS as joint lead managers for an IPO expected to take place on the Australian Securities Exchange in 2019.
Founded in 2014…
