Could a troll lawsuit have a ‘material adverse effect’ on Tencent Music’s IPO? Just days before Tencent Music’s highly-publicized IPO, a relatively unknown investor made a major claim. According to Hanwei Guo, he hasn’t earned anything from his early i…
Category archives: Investor + VC Financing
A$AP Rocky, Offset, Chainsmokers, and 50 Cent Invest in a $10 Million Round for Genies
The Genies app has exploded in popularity as an alternative to Snapchat’s Bitmoji, which lets users generate their own personalized avatar. The app launched a year ago with $15 million in funding, but now it’s getting a boost from some unlikely names. …
Tencent Music’s IPO May Launch in Time for Christmas
Ultimately, Tencent Music’s December IPO could depend on the outcome of the upcoming G20 summit in Argentina. According to a report published on Tuesday, Tencent Music Entertainment (TME) and its financial advisors have mulled the possibility of pushin…
Following Weak Trading, Goldman Sachs Cuts Spotify’s Price Objective
Can Spotify turn things around and meet analysts’ lofty expectations? Late last month, Spotify’s stock hit a new low. Scraping at $131, the company’s share price ultimately closed at $141.68. Keep in mind the streaming music giant had reached a high of…
Looks Like Tencent Music’s IPO Is Moving to 2019
So, when exactly will Tencent Music launch its fabled IPO? Earlier this year, Spotify changed Wall Street forever with its $26 billion direct offering. Well-positioned investors, including Sony Music, Universal, Warner Music Group, and Merlin, all rec…
Continuing on Its Downward Slide, Spotify Stock Reaches a New Low at $120
Just how low will Spotify go? Several weeks ago, Spotify skirted near an all-time low at $131. Several factors, including major sell-offs in global markets, attributed to the company’s weakening share price. The streaming music giant soon rebounded, c…
Pirate Studios Raises $20 Million to Expand Its Rehearsal Space Concept
Pirate Studios is bringing tech to rehearsal studio rentals, particularly for indies. Pirate Studios has unveiled a new fundraising milestone. Led by Talis Capital, the London-based music tech startup has secured $20 million. Talis has previously back…
Festicket Unveils $10.5 Million in Funding for a Major Global Expansion
With the global live concert industry booming, Festicket’s latest fundraising round will help the platform pursue an aggressive expansion plan. Festicket has announced a new fundraising milestone. The UK online booking platform has just secured $10.5 m…
NetEase Cloud Music Raises $600 Million; Counts More Than 600 Million Total Users
Ahead of Tencent Music’s fabled IPO launch, NetEase proves it remains a serious competitor in the booming Chinese streaming music space. NetEase Cloud Music has raised $600 million in funding. The Chinese streaming music giant has confirmed that it clo…
Spotify’s Stock Continues on Downward Spiral, Reaching $126
Can Spotify ever hope to regain its original market value? Despite reaching 87 million users at the end of the third fiscal quarter of 2018, Spotify hasn’t had a good year. First, major executives keep jumping ship. Despite enjoying comfortably high sa…