Tencent Music Entertainment’s Rising Stock Briefly Makes Co-Presidents Billionaires

For a brief moment, Tencent Music Entertainment’s shares had made new billionaires. Following Tencent Music’s IPO, the Chinese streaming music giant’s stock has remained relatively volatile. Despite opening at $13 per share, the company’s stock quickly… Continue Reading

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Tencent Music (TME) Upgraded As Analyst Praises Streamer’s Unique, Profitable Revenue Model

Just weeks after Tencent Music’s belated IPO on the New York Stock Exchange, JPMorgan has given a strong endorsement to the Chinese Music streamer, moving it from hold to buy with a $16.00 target price. Tencent Music closed Friday trading at $14.35, up 10.6% on the news. JPMorgan analyst Alex… Continue Reading

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Tencent Music IPO Demonstrates Music Tech Investment Coming To Its Senses

While the Chinese music streaming service Tencent Music debuted with an impressively initial public offering of $14.10, music tech investors seem to have come back down to earth somewhat and reduced its value to a more modest level. ___________________ Guest post by Bobby Owsinski of Music 3.0 The Chinese music… Continue Reading

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Spotify Sees $1.5B Tencent Windfall As Stock Hits New Low (NASDAQ: SPOT)

The value of Spotify’s stake in Tencent Music nearly double when the Chinese music streamer went public on the New York Stock Exchange last week. Spotify’s windfall could top $1.5 billion and make the company profitable in Q4. Spotify stock closed at $120.47 Monday, a post-IPO low. In December 2017,… Continue Reading

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Tencent Music [TME] Ends First Trading Day Up 7.7%

After opening at $14.10, Tencent Music ended its first day of trading Wednesday up $1.00 at $14.00 or 7.69% above it’s $13.00 target IPO asking price. At one point in the day, the stock was trading at $14.75. 60,190,565 shares of TME traded hands on Wednesday. The full Tencent offering… Continue Reading

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Tencent Music’s IPO Launches at Lowest Expected Price Range

Tencent Music executives once expected to raise up to $4 billion.  They had to settle with just over a billion. Following Spotify’s success with its direct listing last April, Tencent Music made plans to launch its own IPO on Wall Street. At first glan… Continue Reading

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