M17 makes for public markets with $115m IPO

May 14, 2018 • Robert Lavine

Investors in M17, the owner of properties such as Paktor and 17 Media, include MCN, Yahoo Japan and LeSports.

M17 Entertainment, the Singapore-based digital media company backed by corporates Yahoo Japan and Media Nusantara Citra (MCN), filed on Friday to raise up to $115m in an initial public offering in the US.

Formed through a December 2016 merger, M17 owns swipe-based dating and networking apps Paktor and Goodnight, and 17 Media, a livestreaming platform that had more than 33 million registered users by the end of March this year.

The company made a $26.9m loss in the…

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