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Tencent Music aims to go public in U.S.

Chinese streaming service Tencent Music has applied for IPO in the United States, a move awaited by many, which could become one of the most prominent offerings by a firm from China.

The company can boast over 800 mln users combined thanks to its various platforms, while its music service is at the top of the global leaders list by the number of users, let alone Chinese market.

According to September information from three people familiar with the situation Tencent would be aiming to raise $2 bln at minimum at a valuation of near $30 bln, which, by Dealogic data, could potentially turn into one of the biggest technology listings.

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