Tencent Music aims for chart-topping IPO

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By John Loh
03 Oct 2018

Tencent Music Entertainment Group has started pre-deal investor education for one of the highest-profile IPOs by a Chinese firm in the US this year.

The fundraising has an indicative size of $1bn, with the stock to be listed on either the New York Stock Exchange or Nasdaq. Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley are leading the trade.

The second tier of bookrunners comprises Allen ...

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