Tencent Music appears to be moving forward with plans for an IPO in the United States later this year. The Wall Street Journal (paywall) reported that Tencent Music will start interviewing underwriting banks over the next month. Sources predicted that the company could be valued at $25 billion on a U.S. stock exchange, which would make it the fourth-largest tech IPO in the country. Continue Reading
Yesterday afternoon, Reuters spotted a Spotify job listing containing language which implied that the music subscription company was preparing to go public with an initial public offering (IPO). The buzz building around this speculation today is an extension of past predictions from many quarters. Continue Reading
Radio stocks did well this year, notching double- or triple-digit growth in 2013. Gains far surpassed the S&P 500, which itself enjoyed 20-percent growth. We put a radio-stock basket against the S&P index, and also against Pandora for a graphic look at a banner 2013 for radio and Internet radio brands. Continue Reading