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Tencent Music Pauses IPO Amid Market Turmoil

The music-streaming company met with its underwriting team this week to discuss the price range Tencent Music would set for its hotly anticipated IPO, but they opted to wait several weeks over worries that the market turmoil would affect the pricing, these people said.

Tencent Music Entertainment Group is postponing its initial public offering until at least November because of the selloff in global markets, according to people familiar with the offering, hitting pause on what would be one of the largest IPOs in the U.S. this year.


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