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…