China’s Tencent Music raises $1.1 billion in downsized US IPO

Tencent Music,China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 apiece ahead of a listing on the NYSE today.
That makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range, indicating that the much-anticipated IPO has felt the effects of an uncertain market. Indeed, the company is said to have paused the listing process, which it started in early October, for a time so choppy are