TME News

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, the year's fourth billion-dollar US IPO from a Chinese company. Spun out of Tencent, the music streaming provider has top...read more

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. Tencent Music plans to list on the NYSE under the symbol TME. Morgan Stanley, Goldman Sachs (Asia), J.P. Morgan,...read more

There are three IPOs and two SPACs expected to price this week, the most notable of which is Tencent Music, China's largest online music-streaming service. Tencent's long-anticipated IPO is the latest in a long...read more

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. At the midpoint of the proposed range, Tencent Music would command a fully diluted market value of $23.4 billion.  ...read more