Jeffrey Huang, the veteran rapper who pioneered Taiwan’s hip-hop scene, publicly lashed out at two investment banks after his tech startup shelved its U.S. initial public offering.
Bloomberg News reports that M17 Entertainment Ltd., the live-streaming platform that Huang co-founded, said in a statement dated Wednesday it’s deferring its listing due to unspecified “settlement issues” with some investors. In a post on his verified Facebook page, Huang used a four-letter expletive to express his displeasure with Citigroup and Deutsche Bank, the lead underwriters of the sale.
The Facebook post, which was visible late afternoon local time Wednesday, had been removed by that evening. Huang didn’t specify what he believed the banks did wrong. Representatives for Citigroup and Deutsche Bank declined to comment.
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