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Tencent Music will reportedly postpone IPO due to global market sell-offThe music arm of Chinese tech giant Tencent owns the four largest music apps in China and counts industry competitor Spotify as a backer.
Source: CNBC - 🏆 12. / 72 Read more »
Tencent Music Pauses IPO Amid Market TurmoilTencent is postponing its initial public offering until at least November because of the selloff in global markets, according to people familiar with the offering. Plus, US has artis law, China don't.! No play field here for them! good news 😊, and hope Tencent never IPO, for any Co that does not respect artis law👎 Till 2020 ? 😱
Source: WSJ - 🏆 98. / 63 Read more »
Tencent Music will sound out global IPO marketChina's answer to Spotify may push on with a $2 bln New York listing in December. It’s a bad time of year to sell new equity and Tencent has already once delayed its plans. With no obvious need for funds, a subdued deal would confirm that the window for big IPOs is closing fast.
Source: Breakingviews - 🏆 470. / 51 Read more »