China's Tencent Music raises nearly $1.1 billion in U.S. IPO

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Tencent Music (TME) Prices 82M ADS IPO at $13/ADS

December 12, 2018 5:51 AM EST

Tencent Music Entertainment Group (NYSE: TME), the leading online music entertainment platform in China, today announced the pricing of its initial public offering of 82,000,000 American Depositary Shares ("ADSs"), each representing two Class A ordinary shares of the Company, at US$13 per ADS. The ADSs will... More