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Tencent Music presses play on $1.2 billion U.S. IPO

Reuters  |  HONG KONG/NEW YORK 

By Julia Fioretti and Julie ZhuHONG KONG/NEW YORK (Reuters) - 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.The music arm of tech giant Tencent Holdings is looking to raise between $1.07 billion and $1.23 billion in a New York Stock Exchange IPO, according to a filing with the U.S. Securities and Exchange Commission. The company originally planned to launch its offering in mid-October, Reuters ...

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First Published: Mon, December 03 2018. 17:57 IST
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