TME vs. RELX: Which Stock Is the Better Value Option?
Tencent Music Entertainment Group (NYSE: TME) is down 6.1% at 3 p.m. ET. Yesterday Tencent conducted what it described as an "introduction" of its stock to the Stock Exchange of Hong Kong (SEHK), listing its Class A common stock on the Main Board, where it will be tradable in 100-share lots. At the same time, Tencent Music confirmed that its listing on the New York Stock Exchange (NYSE), where one American depositary share represents two shares of Tencent Music common stock, also remains active.
(Bloomberg) -- Tencent Music Entertainment Group traded higher in Hong Kong’s exchange on Wednesday after a listing that didn’t involve selling new shares or raising funds.Most Read from BloombergPutin Calls Up More Troops, Resumes Nuclear Threat Over UkrainePowell Signals More Pain to Come With Rates Heading HigherTycoon's Wild $3 Billion Gamble on ‘China's LVMH’ CrashesHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTrump Sued by New York Over ‘Fraudulent’ Asset ValuationsThe s