Tencent Music walks away with $1.1bn

Christie Ou

December 12, 2018 10:45 AM

NYSE PA 230x`150 — (181205) -- NEW YORK, Dec. 5, 2018 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, Dec. 4, 2018. U.S. stocks plunged on Tuesday, with all three major indices erasing more than 3 percent, amid worries over inverted yield curve signaling a possible economic slowdown. The Dow Jones Industrial Average decreased 799.36 points, or 3.10 percent, to 25,027.07. The S&P 500 decreased 90.31 points, or 3.24 percent, to 2,700.06. The Nasdaq Composite Index fell 283.09 points, or 3.80 percent, to 7,158.43. (Xinhua/Wang Ying) (zxj) | Wang Ying/Xinhua News Agency/PA Images

Tencent Music Entertainment Group (TME) has nabbed $1.1bn from its IPO on the New York Stock Exchange, guiding investors toward the bottom of the price range amid choppy markets.

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Deutsche Bank JP Morgan Credit Suisse Equity IPOs Equity China China International Capital Corp Americas Asia Greater China Northeast Asia Asia Pacific North America Bank of America Stifel Morgan Stanley United States Emerging Markets HSBC Goldman Sachs

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Christie Ou