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Tencent Music $30 Billion IPO Heads to U.S.
Nor has the timing of the planned offering been decided. Chinese media sources point to a share sale that will value Tencent Music in the $29 billion to $31 billion range. That is higher than the $25 ... read more
China's Tencent turns to US for IPO of its music business
One of China's top tech companies plans to list its online music business in the United States. Tencent (TCEHY) said in a statement Sunday that it will sell shares in the music unit on a US stock exch... read more
Tencent Music to file for US IPO today
Chinese streaming giant Tencent Music will reportedly file for its US-based IPO today (September 7 ... In 2017, it was expected to be valued at $10 billion, rising to its current expected valuation of ... read more
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Implications Of Postponed Tencent Music IPO
In the same way Tencent leverages on its "WeChat" and associated platforms. The IPO prospectus had valued the music division at up to US$30 billion. Its approximately 800 million monthly users are cha... read more
Tencent Music Applies for US Listing: IPO ETFs in Focus
China’s largest music streaming company, Tencent Music Entertainment Group, has filed for an IPO in the United States. The company has set a placeholder target of $1 billion, reaching its valuation to ... read more
Tencent Makes It Official: It Will Spin Out Its Spotify Rival With an IPO in the U.S
That’s quite similar to Spotify’s $30 billion valuation at the time of its IPO in April. While Spotify and Tencent Music are rivals of a sort, they are also mutual investors—Tencent Music owns 7.5% of ... read more
Tencent Music Entertainment set for IPO
Following the Spotify IPO, now Chinese media ... which has confirmed that Tencent Music Entertainment can be spun off with a public offering in the US. Early reports suggest a possible valuation of ar... read more
Tencent Music, bound for U.S. IPO, profits from social savvy
The company, majority owned by Chinese tech powerhouse Tencent Holdings (0700.HK) and slated for a U.S. IPO next ... for Tencent Music were not immediately clear. Spotify, which went public in April, ... read more
Can Tencent Music repeat the success of China Literature?
On Sunday, Tencent announced in a stock exchange filing a plan to spin off its music entertainment unit in the United States, which market analysts have valued at US$30 billion ... books unit raised H... read more
Tencent seeks to list its music business in the US
The HKEX has confirmed that Tencent can proceed with the proposed spin-off. The terms of the spin-off have not been finalized yet. The listing could value Tencent Music at over $30 ... US IPO and that ... read more