Tencent Music IPO to be Halved (Report)

Read on: Variety.

Tencent Music, being spun off from Chinese e-commerce giant Tencent, may raise less fresh capital than previously expected. Possibly only $2 billion, instead of an indicated $4 billion, according to a report. The unit is in advanced preparations for an IPO in the U.S. But, according to a report by Reuters and its IFR publication, […]