男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Technology

Tencent Music plans IPO for second half of 2018

By Yang Yang | chinadaily.com.cn | Updated: 2018-04-23 13:34
Share
Share - WeChat
Penguins, Tencent's mascot, are on display at the company's stand at an expo in Guangzhou, South China's Guangdong province, on Dec 6, 2016. [Photo/IC]

Tencent Music Entertainment Group, China's largest music-streaming company, is planning to file an initial public offering for the second half of 2018, following the successful debut of the company's European counterpart, Spotify Technology SA, The Wall Street Journal reported on Sunday.

The Chinese internet giant's digital music business will interview potential underwriting banks sometime in May, the report said, citing people familiar with the matter.

The deal, which would be one of the largest tech offerings ever, is expected to raise billions, considered the latest sign the IPO market is gaining steam.

Tencent Music's offering could value the business in excess of $25 billion, a sharp jump from its $12.5 billion valuation in late 2017 when Spotify, a Swedish music-streaming company, bought a 9 percent stake in the company as part of a share swap.

The deal would be the fourth-biggest US-listed tech IPO on record measured by valuation at time of offering, should investors give Tencent Music that value, according to Dealogic.

Tencent Music is expected to list in the United States, but the final decision on the venue of the deal is not yet determined.

Established in mid-2016, Tencent Music, an operator of the popular music app QQ Music and others, had 700 million monthly active users across personal computer and mobile platforms largely in China, the company said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 嘉义县| 乐东| 剑河县| 宜城市| 民县| 堆龙德庆县| 天祝| 池州市| 隆安县| 郸城县| 西丰县| 财经| 益阳市| 宣威市| 普安县| 乳源| 错那县| 卢氏县| 土默特右旗| 东光县| 泰来县| 丽江市| 平阴县| 门头沟区| 翁源县| 文化| 介休市| 房山区| 米脂县| 黄龙县| 惠州市| 荣成市| 翁牛特旗| 衢州市| 顺义区| 神农架林区| 山阴县| 临夏市| 漳州市| SHOW| 松桃|