Tencent Music Entertainment has launched its IPO on the New York Stock Exchange, making the long-awaited move to go public just before the year’s end. The Chinese music company has priced its shares at $13 a piece for a total of $1.1 billion. Continue Reading
Tencent Music Entertainment is facing yet another hurdle as its planned IPO date approaches. Investor Hanwei Guo is suing Guomin Xie, the company’s co-president, claiming that the exec allegedly coerced him into selling his equity stake in Ocean Music, which later became Tencent Music Entertainment. Continue Reading
Tencent Music Entertainment has launched its initial public offering on the New York Stock Exchange. The music arm of the Chinese conglomerate Tencent is looking to raise between $1.07 billion and $1.23 billion in this move. It is targeting a valuation between $22 billion and $25 billion. Continue Reading
Spotify has posted its results from the third quarter of 2018. Despite several positive metrics for the period, including a long-awaited net profit, the company has had a rough ride with Wall Street this week. Continue Reading
Tencent Music Entertainment was slated to launch its highly anticipated IPO in the United States this month, but the latest rumors are that it has opted to postpone the action at least until November. Sources familiar with the music group’s plans told The Wall Street Journal that the company chose to wait in response to an unsteady market that would have a negative impact on the pricing. Continue Reading
Tencent Music has filed the paperwork for its IPO in the United States, putting the music branch of the Chinese conglomerate Tencent on track for a listing later this month. The SEC papers reveal a bit more insight about what is expected to be a landmark listing. Continue Reading
Tencent Music Entertainment may have set a date for its planned IPO in the United States. Sources in China, now also being covered in the western press, have reported that Tencent IPO will be submitted to the SEC on September 7 for a stock exchange debut on October 18. Continue Reading
Tencent is slowly progressing with its plan to spin out its music branch into a standalone business that will eventually list in the United States. The latest move from the entertainment conglomerate was a filing this weekend with the Hong Kong stock exchange announcing its proposed change that would see Tencent Music Entertainment Group become a separate entity. Continue Reading
Tencent Music Entertainment is planning for an IPO in the United States, and the move could mean a windfall for several big music companies. Stakeholders in the Tencent music branch include Sony/ATV Music Publishing, EMI Music Publishing, and Universal Music Group. Continue Reading
Tencent is moving forward with plans for an initial public offering of its music branch. Tencent Music and Entertainment has appointment Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch to lead the IPO, Financial Times reported. Continue Reading
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