logo-loader
viewTencent Holdings Limited

Tencent may have the largest tech IPO ever

The music giant's IPO is expected by the end of 2018

Tencent
The company may be worth up to US$25bn

Tencent Holdings Limited, the parent company of China’s largest music-streaming service Tencent Music, is preparing for an initial public offering.

In the wake of Spotify’s public introduction earlier this month, Tencent’s IPO may be one of the largest technology IPOs in recent history.

READ: Investors stream into Spotify; shares surge 25% in US trading debut

The digital music giant was valued at US$12.5bn after a share swap with Spotify in December 2017. The Swedish streaming company bought a 9% stake in Tencent.

However, the company may now be worth as much as US$25bn, according to a report by the Wall Street Journal.

The Shenzhen-based company will be interviewing underwriters in the coming months. Its IPO is expected by the end of 2018.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Lexaria Bioscience and Cannadips CEO’s discuss key point of...

Lexaria BioScience (OTC: LXRP-CSE: LXX) CEO Chris Bunka and Case Mandel, CEO of Cannadips joined Steve Darling from Proactive Vancouver on Skype with news the company has signed a licensing deal for their DehydraTech technology with Cannadips from Humboldt, California. Bunka telling Proactive...

4 hours, 47 minutes ago

2 min read