Tencent Music Entertainment Group Priced, NYSE: TME

Leading Chinese provider of music streaming, live streaming and online karaoke.

Industry: Technology

Latest Trade: $13.00 0.00 (0.0%)

First Day Return: n/a

Return from IPO: 0.0%

Industry: Technology

We are the largest online music entertainment platform in China, operating the top four music mobile apps in terms of mobile MAUs in the second quarter of 2018. Our platform comprises our online music, online karaoke and music-centric live streaming services, supported by our content offerings, technology and data. Our platform is an all-in-one music entertainment destination that allows users to seamlessly engage with music in many ways, including discovering, listening, singing, watching and socializing. On our platform, social interactions, such as sharing, liking, commenting, following and virtual gifting, are deeply integrated in our products and highly complementary to the core music experience, thereby enhancing our user experience, engagement and retention. We had over 800 million total unique MAUs in the second quarter of 2018, covering the full spectrum of user demographics in China. Our users are highly engaged, with each daily active user on average spending over 70 minutes per day on our platform in the second quarter of 2018.
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IPO News for Tencent Music Entertainment Group
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IPO Data
IPO File Date 10/02/2018
Offer Price $13.00
Price Range $13.00 - $15.00
Offer Shares (mm) 82.0
Deal Size ($mm) $1,066
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/11/2018
Offer Price $13.00
Price Range $13.00 - $15.00
Offer Shares (mm) 82.0
Deal Size ($mm) $1,066
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Shenzhen, China
Founded 2003
Employees 2,559
Website y.qq.com