Taiwan-based M17 Entertainment on Friday decided to delay its debut on the New York Stock Exchange after raising less than half of its $115-million IPO target, further highlighting investors’ cautious stance when it comes to live streaming companies going public.
The live streaming operator, which counts Infinity Venture Partners, Golden Summit Capital, KTB Ventures, Vertex Ventures, Majuven, and Yahoo Japan among its shareholders, had announced that its IPO roadshow had raised a mere $60.1 million, lower than its original target of $115 million.
