Tencent Music raises nearly $1.1b in US IPO

Tencent Music raises nearly $1.1b in US IPO

Tencent Music. Photographer: Tencent Music /Bloomberg

China-based music streaming company Tencent Music Entertainment Group has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range, two sources said on Tuesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter