iflix puts IPO on the back burner, eyes fresh funding from private investors

The iflix logo is seen on a retro television screen. Graphic: DealStreetAsia

Malaysia-based video streaming platform iflix is deferring a proposed initial public offering (IPO) in Australia as it seeks to raise fresh funding from private investors, according to multiple industry sources.

The company is understood to be seeking to raise around $50 million from its existing investors.

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