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...
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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...
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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...
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Tencent Music Entertainment Group – Back in the Groove with an Unjustified Valuation Multiple
The proposed IPO of Tencent Music Entertainment (TME US) although highly anticipated is no slam dunk for investors. China's online social...
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Tencent Music IPO Valuation: Best in Class Metrics
Tencent Music Entertainment (TME US) has released its pricing range for its IPO expected on December 12th. The company plans to raise 1.1-1.2bn...
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