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Tencent Music Jumps 8% on NYSE Trading Debut

Tencent Music Jumps 8% on NYSE Trading Debut

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the debut of a company's IPO on the New York Stock Exchange, highlighting its initial pricing and trading performance. The IPO opened at $14.10, closing at $14.00, marking a 7.7% price jump. Despite falling short of the expected $1.2 billion, it raised $1.1 billion, valuing the company at $22.9 billion. The IPO ranks fourth among Chinese companies listed in the US over the past year. However, Chinese tech IPOs in the US have underperformed, down 12% compared to a 6.5% rise in overall US IPOs.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the opening price of the company's stock on the New York Stock Exchange?

$14.75

$14.10

$15.00

$13.00

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did the company raise through its IPO compared to the expected amount?

$1.3 billion vs $1.4 billion

$1.0 billion vs $1.1 billion

$1.1 billion vs $1.2 billion

$1.2 billion vs $1.3 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does this IPO rank among Chinese companies listed in the US over the past year?

3rd

2nd

1st

4th

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the performance of Chinese tech IPOs in the US over the past year?

Decreased by 6.5%

Increased by 12%

Decreased by 12%

Increased by 6.5%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the overall US IPO market performance compare to Chinese tech IPOs?

US IPOs are up by 6.5%

US IPOs are down by 12%

US IPOs are down by 6.5%

US IPOs are up by 12%

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