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

Wednesday 12 December 2018 | 08:36 CET | News
Tencent Music has priced its initial public offering of shares at USD 13 per ADS, the low end of its indicated range. This results in gross proceeds of USD 1.066 billion from the sale of 82 million ADS in the IPO, excluding any greenshoe option.

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Categories: Internet
Companies: Tencent / Tencent Music
Countries: China
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