On 7 June 2018, an unprofitable M17 Entertainment made history as the first company first company Tech In Asia M17's ill-fated IPO Read more that rang the New York Stock Exchange’s hallowed bell but did not follow through with trading. In fact, M17 was not going to last not going to last Simplywall.st How much money does M17 have? Read more that year without new funding.
The long game
Trimmed, steady and Covid-ready, M17’s finally rising above ‘18
Since a famously botched IPO two years ago, M17 has made a series of tough decisions—put its money on Japan and end its relationship with dating app Paktor, for starters. Now, with live streaming taking off, it hopes for redemption
M17 has seen exponential revenue growth Jan-March 2020, as people hunker down at home amid Covid-19
That comes after tough decisions to double down on Japan and streamline non-core businesses
Its biggest divestment was Singapore dating business Paktor, apparently a ‘distraction’
All the moves point to shoring up the financials—to prepare for a second IPO and a potential huge investment from China