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TME News

US IPO Weekly Recap: 2018 wraps up with Tencent Music

TME

This past week the 2018 IPO market came to a close, as three IPOs and three SPACs raised a combined $1.6 billion. The three IPOs all had weak trading. Tencent Music Entertainment (TME) was the week's big deal, raising $1.1 billion,...read more

Tencent Music prices $1.1 billion US IPO at $13 low end

Tencent Music Entertainment Group logo

Tencent Music Entertainment Group, a leading Chinese provider of music streaming, live streaming and online karaoke, raised $1.07 billion by offering 82 million ADSs at $13, the low end of the range of $13 to $15. Existing shareholders sold 50% of the deal. ...read more

China's largest music platform Tencent Music sets terms for $1.1 billion US IPO

Tencent Music Entertainment Group logo

Tencent Music Entertainment Group, China's largest online music-streaming service, announced terms for its IPO on Monday. The Shenzhen, China-based company plans to raise $1.15 billion by offering 82 million ADSs (50% insider) at a price range of $13 to $15...read more