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Tencent Music debuts on NYSE with $21.3 billion valuation

“The Chinese music company has priced its shares at $13 a piece for a total of $1.1 billion” reports rainnews.com. Tencent Music also has the noteworthy advantage of already being a profitable company.Both companies are leaders in digital and streaming music, and the pair agreed to a mutual exchange of minority stakes late last year.
 
Source: rainnews.com



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