M17 Entertainment, backed by MCN, Yahoo Japan and LeSports, was expected to float on the New York Stock Exchange yesterday but still has not begun trading.
M17 Entertainment, the Taiwan-based digital media company backed by corporates Yahoo Japan and Media Nusantara Citra (MCN), has failed to list on the New York Stock Exchange, TechCrunch reported yesterday.
The company priced more than 7.5 million American depositary shares at $8 each yesterday morning, for a $60.1m initial public offering, and was expected to list later in the day but has still not started trading as of the time of writing.
Reasons for the failure to go public are…
