Speaking of bulls, from theBull: on tech shells
Migme
The social media platform listed on ASX in August 2014 through Latin Gold, raising $10.1 million. Migme shares have more than doubled this year, capitalising it at almost $300 million and making it among the best-performed backdoor listings. Monthly active users of its products have grown from seven million in the third quarter of 2014 to more than 20 million.
Migme’s strategy to develop social networking products for younger consumers in emerging markets, and designed for mobile devices, appeals. It if keeps growing at the current rate, Migme will be worth a lot more in the next few years.
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