Tencent Music shares set to open at HK$18 each in Hong Kong debut By Reuters


© Reuters. FILE PHOTO: The logo of China’s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration/File Photo

HONG KONG (Reuters) – China’s Tencent Music Entertainment Group (NYSE:) shares are due to start trading at HK$18 ($2.29) each in the company’s Hong Kong listing debut on Wednesday.

The online music company announced last week that while New York would remain its primary listing venue it would start trading its shares in Hong Kong.

($1 = 7.8496 Hong Kong dollars)

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