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

2018-12-12 08:36:00| Telecompaper Headlines

(Telecompaper) 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.

Tags: end music low range

Category:Telecommunications

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