NEWS： Tencent Music America IPO case postponed due to sluggish market conditions

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Tencent Music Entertainment Group's planned US initial public offering will be postponed at least until November as the country's most popular music app tends to wait until global stock markets stabilize, three sources said.
Tencent Music, a music business owned by technology giant Tencent Holdings (0700.HK), is expected to raise at least $2 billion. Sources say the company originally planned to launch a listing as soon as next week.


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