Tencent Music hits the road for $1.23bn IPO

Christie Ou

December 04, 2018 09:15 am

Crowd_hands_popular_Adobe_230x150 — Audience with hands raised at a music festival and lights streaming down from above the stage. Soft focus, blurred movement. | Bernard Bodo/bernardbodo - stock.adobe.com

Tencent Music Entertainment Group has begun bookbuilding for its long-awaited $1.23bn IPO in the US, around two months after first gauging investor appetite.

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Topics

Deutsche Bank JP Morgan Credit Suisse Equity IPOs Equity China China International Capital Corp Americas Asia Greater China Bank of China Northeast Asia Asia Pacific North America Bank of America Stifel Morgan Stanley United States Emerging Markets HSBC Goldman Sachs

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Christie Ou