Stories

Tencent Music plans one of biggest IPOs ever

Pony Ma Huateng, CEO of Tencent
Pony Ma Huateng, chairman and CEO of Tencent Music. Photo: Visual China Group/Getty Images

China's largest music streaming company, Tencent Music Entertainment Group, is preparing an IPO that could be one of the biggest ever recorded for a tech company, reports the Wall Street Journal.

Why it matters: The group's listing shows that public offerings are continuing to build steam in the tech world and it could be one of the largest deals of 2018, potentially raising as much as $25 billion.