Tencent Music reportedly preparing for IPO this year

Tencent Music Entertainment Group, China’s largest music-streaming company, is preparing for an IPO later this year, according to media reports.
The Wall Street Journal reported the Chinese internet giant’s music subsidiary is preparing for what would be one of the biggest technology IPOs ever, with plans to interview investment banks in the coming weeks.
The share sale would value the business at over $25 billion with expectations the company will list on the US Stock Exchange.
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