- Books have closed in New York around the U.S. initial public offering for Tencent Music (NYSE:TME), and the company is expecting pricing around the midpoint of its range, it tells investors.
- That would bring the company public at $14 per American depositary share, Bloomberg notes.
- It expects to price the offering after the market close today.
- The company, spinning out from Tencent (TCEHY +2.1%), is offering 82M ADS and hopes to raise as much as $1.2B.
Tencent Music guiding $1.2B IPO to midpoint pricing
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Symbol | Last Price | % Chg |
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TME | - | - |
Tencent Music Entertainment Group |