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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 Said To Submit US Listing Application This Week; Mkt Cap Over US$30B

The major underwriters of the IPO are reportedly Goldman Sachs and Morgan Stanley. The conservative offer prices range set by investment banks are between US$29-31 billion. Market generally projected ... read more

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China's Tencent turns to US for IPO of its music business

earning a valuation of around $30 billion. Spotify and Tencent's music subsidiary announced a share swap in December, taking minority stakes in each other. Tencent's 7.5% stake in Spotify is now worth ... read more


Spotify's market debut is worth billions for Tencent and Sony

The stock later fell, closing below $150 a share and giving the company a market value of nearly $30 billion ... about 9% of Tencent Music, a stake valued at €910 million ($1.1 billion), according to ... read more



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