Tencent Music: Will TME Avoid the Fate of Its Troubled Streaming Peers?
One of the key areas of pushback for the Tencent Music Entertainment (TME US) IPO stems from worries about recent IPO Spotify (SPOT US) and...
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Tencent-Backed IPOs: Back in Vogue but Positive Returns Remain Far from a Sure Thing
Tencent Holdings (700 HK)-backed IPOs are back in vogue with four listing shortly– Mogu (MOGU US), iDreamsky Technology Limited (1119 HK), Tencent...
628 Views
Tencent Music IPO - Don't Stop Me Now - 9M18 Updates, Outlook and Price Limits
Tencent Music Entertainment (TME US) is looking to raise up to US$1.2bn selling a mix of primary and secondary shares. The implied valuation is in...
856 Views
Tencent Music（TME）: We Think It Is Worth USD 28.3 Bn --(1)
Facing a high-level user scale, we expect Tencent Music's future user scale to encounter growth bottlenecks. According to our estimation, the total...
668 Views
Tencent Music Entertainment IPO Valuation: With Bearish Thesis Validated, Fair Value Below Low End
Based on IPO price range of US$13 to US$15 per ADR, we do not think that Tencent Music Entertainment (TME US) is attractively valued. 3Q18...
856 Views