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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Tencent Music IPO’s At Reduced $12.3B Valuation

Tencent Music [TME] will launch its scaled down U.S. IPO on Wednesday. China’s largest music streamer priced shares at $13 ahead of its NYSE listing hoping to raise $1.1 billion. The IPO had originally been scheduled for October 18th. Tencent was valued at $30 billion in the Fall of this… Continue Reading

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Tencent Music Responds to a Frivolous Lawsuit Filed Days Before Its IPO

Could a troll lawsuit have a ‘material adverse effect’ on Tencent Music’s IPO? Just days before Tencent Music’s highly-publicized IPO, a relatively unknown investor made a major claim. According to Hanwei Guo, he hasn’t earned anything from his early i… Continue Reading

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Days Before Tencent Music’s IPO Launch, a Mysterious Investor Claims to Own 80% of the Company

Does Hanwei Guo really own 80% of Tencent Music?  Or, ahead of the Chinese streaming music giant’s IPO, have the trolls come out of the woodwork? For months, Chinese conglomerate Tencent Holdings has frantically worked to prepare for its music division… Continue Reading

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Tencent Music IPO’s Filing Reveals Record Profit

Tencent Music has turned a profit the past three years.  Spotify has only turned a profit once in its lifetime.  Any questions? Several months ago, Chinese conglomerate Tencent Holdings unveiled its plan to list its music division on Wall Street. With … Continue Reading

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