S’pore’s first Internet stock 17Live could draw more investors, tech listings to SGX: experts

For the first half of 2023, 17Live recorded an average of 550,000 monthly average users who spent an average of 93 minutes on the app daily.

17Live is the largest live-streaming app by revenue in Taiwan and Japan, according to consultancy Frost & Sullivan.

PHOTO: 17LIVE

Kang Wan Chern

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SINGAPORE - The upcoming business combination of a Singapore-listed special purpose acquisition company (Spac) with its target live-streaming app company could drum up some excitement on the Singapore Exchange (SGX) when the transaction takes place by the end of 2023.

Should shareholders approve of the move, Vertex Technology Acquisition Corporation (VTAC)

will acquire live-streaming app 17Live Holding

for $925 million, leading to the SGX’s first consumer-driven live-streaming platform, 17Live Group.

S’pore’s first Internet stock 17Live could draw more investors, tech listings to SGX: experts

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