It’s not often that you hear of share prices more than doubling in a short space of time.
But that’s what happened with 17LIVE Group (SGX: LVR).
The live-streaming company saw its share price leap by 170% in just a little under two months, going from S$0.43 to the current S$1.16.
Should investors sit up and pay attention? Can the company’s share price continue to outperform?
Read on as we dig deeper into 17LIVE’s business and prospects.
Brief background of 17LIVE
17LIVE is a pure-play live-streaming platform in Japan and Taiwan.
The group’s business divisions include Liver live-streaming, V-liver live-streaming, and in-app games and live commerce.
Liver and V-liver involve the use of influencers who create digital, virtual avatars through 17LIVE’s app and broadcast this to their fans.
The group then earns revenue from gifts and items purchased by fans (customers) for their favourite idols and influencers.
17LIVE was listed through a special purpose acquisition company (SPAC) back in...