Lei Diwang Lei Jianping reported on December 7th
Tencent Music recently updated its prospectus. According to the prospectus, Tencent's music distribution range is set at US$13 to US$15, and it is proposed to issue 82 million ADS shares, raising US$16.6 million to US$1.23 billion.
Tencent Music expects to issue the issue price on December 11 and the NYSE on December 12.
In the first three quarters of 2018, Tencent Music achieved revenue of 13.58 billion yuan, net profit of 2.707 billion yuan, and adjusted profit of 3.257 billion yuan.
Tencent Music's revenue for the third quarter of 2018 was 4.969 billion yuan, up 10% from the previous quarter's 4.503 billion yuan, up 71% from the 2.91 billion yuan in the same period last year.
Tencent Music's net profit for the third quarter of 2018 was 964 million yuan, up 7% from the previous quarter's 903 million yuan, up 147% from the 390 million yuan in the same period last year.
Currently, Cool Dog founder Xie Zhenyu holds a 4.2% stake in Tencent Music with 4.8% of voting rights; Xie Guo, the founder of Ocean Music, holds 4.1% of the shares and has 4.7% of voting rights.
Tencent holds 59% of the shares and is the largest shareholder with 61.5% of voting rights; Spotify holds 8.9%.
The following is the Tencent music roadshow PPT (Leidi network fine processing):
Tencent's music distribution range is 13 to 15 US dollars, and the issue price is expected to be announced on December 11, 2018. Tencent Music is listed on the New York Stock Exchange under the symbol TME
Tencent Music Roadshow PPT four parts
Tencent Music Management introduced, among them, Tang Daosheng, Executive Vice President of Tencent, and Chairman of Tencent Music, and Peng Jiaxin, Vice President of Tencent, as CEO.
Xie Zhenyu and Xie Guomin are co-presidents, Hu Min is CFO, Wu Weilin, Hou Deyang and Luo Wei are vice presidents.
Tencent Music's mission
The ecology of Tencent Music, which owns QQ music, cool dog music, cool music and other products.
Tencent Music's online music entertainment platform
Tencent Music has deep cooperation with Tencent Group, including WeChat, QQ and Tencent video.
Tencent Music's financial data
The prospect of China's online music market, there is a broad space for growth in the future
Top 4 investment highlights of Tencent Music, including music content, big data and technology
Build connections between users and content partners
Tencent Music's position in the entire online music market
Different services provided by Tencent Music
QQ music can listen, you can sing, cool dog music from the hear
Tencent Music is China's largest online music content party
Tencent Music Opportunity
Tencent music's big data and technology application
Ten major financial highlights of Tencent Music
Tencent Music's revenue composition, online music services, social entertainment, etc.
Tencent Music's revenue growth and composition
Tencent Music's MAU data
Tencent Music's gross profit situation
Tencent Music's adjusted profit situation is growing rapidly
Tencent Music's growth strategy
Tencent Music's MAUs, the payment rate is 4%
Future growth path