Shares & Derivatives
[Paywall] 17live share price: rat poison or value-buy?
By SG Wealth Builder  •  December 20, 2023
On 8 December 2023, 17live Group Limited made the headline news, albeit for various reasons. The technology company made history as it was the first company to be listed in SGX through SPAC (Special Purpose Acquisition Company). However, 17live share price sank on its debut, crashing by a whopping 19%. This made 17live share price one of the worst listing performers in recent years. An SG Wealth Builder member wrote to me to seek my insights. At the point of writing, 17live share price has suffered a torrid meltdown, falling to $1.70 from $3.88. Will the counter go south further? This is very likely possible. However, in my opinion, the past 2 weeks of trading should not reflect the market value of 17live as the initial trading price was that of Vertex Technology Acquisition Corporation (VTAC), which was listed in SGX in 2022 with an IPO price of $5.00. In view of this, investors should expect plenty of volatility ahead for 17live share price as the...
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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