0
Broadband

Tencent Music delays IPO after stock market turmoil - report

Monday 15 October 2018 | 10:50 CET | News
Tencent has shelved plans to list its music business until at least November due to the recent sell-off on global stock markets, people familiar with the offering told the Wall Street Journal. The company was expected to kick off its roadshow to sell shares to investors this week and start trading the week of 22 October.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Tencent
Countries: China
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tencent pulls blockbuster game PUBG in China, launches local approved alternative

Published 08 May 2019 15:07 CET | China
China's Tencent shut down its test version of online multiplayer battle royale game "PlayerUnknown's Battlegrounds (PUBG)" in ...

Tencent prices USD 6 bln bond offering

Published 04 Apr 2019 14:13 CET | World
Tencent has priced its offering of USD 6 billion worth of notes. The company said it intends to use the money raised to ...

Tencent Music prices IPO at low end of range, raising USD 1.1 bln

Published 12 Dec 2018 08:36 CET | China
Tencent Music has priced its initial public offering of shares at USD 13 per ADS, the low end of its indicated range. This ...

Tencent Music files again for USD 1.2 bln IPO

Published 04 Dec 2018 10:01 CET | China
Tencent has relaunched the IPO of its music business unit, after postponing it due to recent stock market volatility. The company ...

Tencent's Q3 profit jumps 30%, revenues up 24%

Published 15 Nov 2018 11:27 CET | China
Smart device MAU increased by 6.9 percent year-on-year to 697.9 million. Weixin and WeChat MAU reached 1,082.5 million, up 10.5 ...

Tencent trials Adva FSP 3000 TeraFlex platform

Published 13 Nov 2018 15:16 CET | China
Adva announced that Tencent successfully transmitted single-wavelength 600 Gbps signals over its OPC-4 open line system (OLS) ...

Tencent Music files for IPO in US

Published 03 Oct 2018 09:13 CET | China
Tencent Music has filed for an initial public offering of shares in the US, to raise up to USD 1 billion. Tencent is expected to ...

Tencent Music to launch IPO in H2, valuation to top USD 25 bln - report

Published 23 Apr 2018 09:46 CET | China
Tencent Music is expected to list in the US. However, the final decision on the venue of the deal is not yet determined. Set up ...





Calendar   /   Industry Events

06 Aug RTL Group Q2 2021
06 Aug NTT fiscal Q1
06 Aug TDS, US Cellular Q2 2021
06 Aug PCCW H1 results
09 Aug Dish Network Q2 2021
09 Aug Ceva Q2 2021
09 Aug Turk Telekom Q2 2021
09 Aug Sohu.com Q2 2021
09 Aug PCTel Q2 2021
09 Aug Avaya fiscal Q3
09 Aug Cable One Q2 2021
09 Aug Synchronoss Technologies Q2 2021
10 Aug Allot Q2 2021
10 Aug McAfee Q2 2021
10 Aug FuboTV Q2
10 Aug China Telecom Q2 2021
10 Aug Magyar Telekom Q2 2021
11 Aug Lenovo fiscal Q1
11 Aug Rackspace Technology Q2 2021
11 Aug Optiva Q2 2021
11 Aug TeraGo Q2 2021
12 Aug Pexip Q2 2021
12 Aug iQiyi Q2 2021
12 Aug Baidu Q2 2021
12 Aug Radcom Q2 2021
12 Aug Rovio Q2 2021
12 Aug Disney fiscal Q3
12 Aug MTN H1 results
12 Aug Bezeq Q2 2021
12 Aug China Mobile Q2 2021
::: More Calendar Items