“MySQUAR, Myanmar’s only social media platform in the local language, has raised $2.6 million, at a valuation of $27.8 million, through an initial public offering on London’s Aim. AIM is the London Stock Exchange’s international market for smaller growing companies. MySQUAR said it would use the funds to expand its product line, moving into news, information, financial and payment services in the future to augment its social networking and gaming products. By 2019, MySQUAR expects to capture and keep 30 per cent of Myanmar’s connected population continuing its rapid growth trajectory.”
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