UPDATE 1-China's Tencent Music raises nearly $1.1 bln in U.S. IPO
December 11, 2018 at 17:01 PM EST
China-based music streaming company Tencent Music Entertainment Group's has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its American depositary shares (ADRs) at the low end of its indicated $13 to $15 per share range, a source said on Tuesday.