--FILE -- un telefono cellulare utente guarda le icone di QQ Musica di Tencent, inferiore e iQiyi sul suo smartphone in Ji'nan city, est della Cina di Shandong provi
--FILE--A mobile phone user looks at the icons of QQ Music of Tencent, bottom, and iQiyi on his smartphone in Ji'nan city, east China's Shandong province, 14 July 2016. Tencent Music Entertainment Group, China's largest music-streaming company, is planning to file an initial public offering for the second half of 2018, following the successful debut of the company's European counterpart, Spotify Technology SA, The Wall Street Journal reported on Sunday (22 April 2018). The Chinese internet giant's digital music business will interview potential underwriting banks sometime in May, the report said, citing people familiar with the matter. The deal, which would be one of the largest tech offerings ever, is expected to raise billions, considered the latest sign the IPO market is gaining steam. Tencent Music's offering could value the business in excess of $25 billion, a sharp jump from its $12.5 billion valuation in late 2017 when Spotify, a Swedish music-streaming company, bought a 9 percent stake in the company as part of a share swap. The deal would be the fourth-biggest US-listed tech IPO on record measured by valuation at time of offering, should investors give Tencent Music that value, according to Dealogic.
