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Hypebot reports: “Tencent Music [TME] is expected to raise $1.1 billion in a scaled down U.S. IPO Wednesday. China’s largest music streamer priced shares at $13 ahead of its NASDAQ listing. The IPO was originally been scheduled for October 18th. Tencent had been valued at $30 billion in the Fall, but today’s stock debut comes with a reduced $12.3 billion valuation.”

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