Tencent Music IPO a 'Great Outcome,' Krane Funds' Schlarbaum Says

The transcript discusses Tencent Music's IPO, highlighting its successful completion despite market challenges. Initially delayed, the IPO was seen as a positive sign for the market. Priced conservatively, it offered strategic investors a good allocation, closing slightly above the initial price. The IPO's success is attributed to positive market sentiment and strategic planning, marking a significant achievement for Tencent Music amid a volatile market environment.

What was the general sentiment towards Tencent Music's IPO despite the challenging year for Chinese tech IPOs?

• Negative due to market conditions

• Positive as it was seen as a good sign

• Indifferent as it was expected

• Confused due to mixed signals

How was Tencent Music's IPO priced in relation to its given price range?

• Above the given range

• At the low end of the range

• At the high end of the range

• Below the given range

What was the market cap of Tencent Music after the IPO?

• 10 billion

• 25 billion

• 15 billion

• 22 billion

What was the closing price of Tencent Music's shares on the day of the IPO?

• $13

• $12

• $14

• $15

What factor contributed to the successful outcome of Tencent Music's IPO?

• Lack of competition

• Positive market sentiment

• High initial pricing

• Government intervention