Paktor parent M17 Entertainment officially withdraws US IPO

Paktor parent M17 Entertainment officially withdraws US IPO

Visuals of Paktor app. Credit: Paktor Group

Taiwan-based M17 Entertainment, the parent company of Singapore-based dating and networking app Paktor, has officially withdrawn its initial public offering in the US, a month after suspending its debut on the New York Stock Exchange (NYSE).

In a statement on Friday, M17 Entertainment said it has notified the NYSE of its decision to withdraw the American depositary shares representing its ordinary shares from listing.

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