Society Pass jumps as first-quarter revenue soars
09/05/2022 15:41
** Shares of Southeast Asian e-commerce company SOPA.O ,
which attracted retail interest late last year, jump 30.3% to
$2.5 after quarterly results
** Q1 revenue up 4,582% year-on-year to $445,090; co says
with acquisitions of the Pushkart and Handycart business units
closed, SoPa has now amassed over 1.6 mln registered consumers
** SoPa expects to launch beta version of its Society Pass
loyalty points platform in Q2 urn:newsml:reuters.com:*:nGNXb17TtC
** Over 40 million shares traded as of 10:23 a.m. ET vs
25-day moving average of 1 mln
** Stock down 75% YTD
(Reporting by Sruthi Shankar in Bengaluru)
((sruthi.shankar@thomsonreuters.com;))
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