SCMP - Asia Innovations Group (ASIG), the tech start-up behind live streaming service Uplive and dating app Lamour, is set to become a publicly listed company on the New York Stock Exchange through a merger with Magnum Opus Acquisition. The acquisition is expected to close in the Q1 of 2023. The estimated value of the company once merged is $2.5B. Existing shareholders of ASIG will own 84% of the combined company. In 2020 the company nearly doubled its registered users to 312M, further increasing that to 400M as of Dec 2021. Revenue grew 100% YOY in 2021.
by Mia Castagnone
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