UPDATE 1-China's Tencent Music seeks $2 billion in U.S. IPO - sources [Reuters]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
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Source: Reuters
China's Tencent Music seeks $2 billion in U.S. IPO: sources | Reuters 3 Min Read HONG KONG (Reuters) - Tencent Music Entertainment Group, China’s biggest music-streaming company, is seeking to raise about $2 billion in a U.S. listing, according to three people close to the deal, down from the up to $4 billion that had been touted earlier. The subsidiary of Chinese tech giant Tencent Holdings filed confidentially with the U.S. Securities and Exchange Commission (SEC) two weeks ago, three people with knowledge of the matter said, in what will be one of the biggest listings in New York by a Chinese company this year. Tencent Music had earlier been seeking to raise between $3 billion and $4 billion, Thomson Reuters publication IFR reported, which would have made it the biggest Chinese float in the United States so far in 2018, ahead of streaming company iQiyi’s $2.42 billion IPO in March. The company then was seeking a valuation of about $25 billion, according to IFR. The sources did not
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NIO
Earnings
- 3/5/24 - Beat
NIO
Sec Filings
- 4/9/24 - Form 6-K
- 4/9/24 - Form 20-F
- 4/4/24 - Form SC
- NIO's page on the SEC website