M17 Entertainment (YQ) Prices IPO at $8/ADS

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Go back to M17 Entertainment (YQ) Prices IPO at $8/ADS

M17 Entertainment Limited Announces Pricing of Initial Public Offering

June 7, 2018 6:00 AM EDT

TAIPEI, Taiwan--(BUSINESS WIRE)-- M17 Entertainment Limited (M17 Entertainment or the Company) (NYSE: YQ), operator of the largest live streaming platform for Developed Asia, which includes the markets of Taiwan, Japan, South Korea, Singapore and Hong Kong, today announced the pricing of its initial public offering of 7,511,000 American depositary shares (ADSs) at a price of US$8.00 per ADS for a total offering size of approximately US$60.1 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents eight Class A ordinary shares of the Company. The ADSs will begin trading on the New York Stock Exchange... More