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Tencent Music Entertainment launched its hotly-anticipated US initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by US and Chinese leaders in their trade conflict.
The music arm of tech giant Tencent Holdings is looking to raise between $1.07 billion and $1.23 billion in a New York Stock Exchange IPO, according to a filing with the US Securities and Exchange Commission.
The company originally planned to launch its offering in mid-October. But it then decided to delay the IPO over worries the steep global stock market sell-off in the past
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