Category archives: Tencent Music

Tencent Music IPO Demonstrates Music Tech Investment Coming To Its Senses

While the Chinese music streaming service Tencent Music debuted with an impressively initial public offering of $14.10, music tech investors seem to have come back down to earth somewhat and reduced its value to a more modest level. ___________________ Guest post by Bobby Owsinski of Music 3.0 The Chinese music…

Spotify Sees $1.5B Tencent Windfall As Stock Hits New Low (NASDAQ: SPOT)

The value of Spotify’s stake in Tencent Music nearly double when the Chinese music streamer went public on the New York Stock Exchange last week. Spotify’s windfall could top $1.5 billion and make the company profitable in Q4. Spotify stock closed at $120.47 Monday, a post-IPO low. In December 2017,…

Tencent Music [TME] Ends First Trading Day Up 7.7%

After opening at $14.10, Tencent Music ended its first day of trading Wednesday up $1.00 at $14.00 or 7.69% above it’s $13.00 target IPO asking price. At one point in the day, the stock was trading at $14.75. 60,190,565 shares of TME traded hands on Wednesday. The full Tencent offering…

Tencent Music’s IPO Launches at Lowest Expected Price Range

Tencent Music executives once expected to raise up to $4 billion.  They had to settle with just over a billion. Following Spotify’s success with its direct listing last April, Tencent Music made plans to launch its own IPO on Wall Street. At first glan…

Tencent Music starts trading on New York Stock Exchange, raises $1.1bn

Tencent Music started trading on the NYSE with an initial share price of $13
The post Tencent Music starts trading on New York Stock Exchange, raises $1.1bn appeared first on Music Business Worldwide.

AM BRIEF: Tencent Music IPO • Gifmote Raises $6M • Spotify’s Amber Grimes Joins Capital Music • More

WEDNESDAY 12.12.18
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Tencent Music IPO’s At Reduced $12.3B Valuation

Tencent Music [TME] will launch its scaled down U.S. IPO on Wednesday. China’s largest music streamer priced shares at $13 ahead of its NYSE listing hoping to raise $1.1 billion. The IPO had originally been scheduled for October 18th. Tencent was valued at $30 billion in the Fall of this…

Tencent Music Responds to a Frivolous Lawsuit Filed Days Before Its IPO

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…

TUE. BRIEF: Tencent Music Fights Back • MelodyVR Goes Live • Women In Music Database Launches • More

TUESDAY 12.11.18
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Updated continuously under the More News tab