As the Australian Securities and Investment Commission (ASIC) reportedly embarks on an investigation of failed local music streaming start-up, Guvera, the collapse of the company has left a handful of tech players out of pocket by hundreds of thousands of dollars.
The music streaming company was placed into liquidation on 28 April after a failed tilt at a $100 million initial public offering (IPO) on the Australian Securities Exchange (ASX) in June last year.
The public float would have valued the company at around $1.3 billion, yet at the time, it was reported that the company had made a mere $1.2 million in the 2015 financi…
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