Tencent Music files again for USD 1.2 bln IPO

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(Telecompaper) Tencent has relaunched the IPO of its music business unit, after postponing it due to recent stock market volatility. The company has sent a filing to the US Securities and Exchange Commission, saying it will offer 82 million American depositary shares (ADS), representing 164 million Class A ordinary shares, at USD 13-15 per ADS. The IPO could raise up to USD 1.2 billion.
Source: Industry News (syndicated from Telecompaper.com)

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