Tencent Music launches $1.2b US IPO, eyes up to $25b valuation

Tencent Music launches $1.2b US IPO, eyes up to $25b valuation

Photographer: Qilai Shen/Bloomberg

Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict.

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