Tencent Music is expected to submit an IPO filing to the United States Securities and Exchange Commission on July 6 as it begins its US listing.

According to an unnamed source, the listing is being underwritten by Goldman Sachs and Morgan Stanley. The company is expected to be valued at between $29 billion to $31 billion.

Tencent Music runs QQ Music, Kugou, and Kuwo. According to figure from December 2017, Tencent Music has 700 million monthly active users (MAU), 17 million songs, and 12o million paying subscribers.

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.