The China-based music streaming company Tencent Music Entertainment Group has raised $1.1 billion in an initial stock offering in the U.S.
The company had hoped to raised as much as $1.23 billion through the sale of stock on the New York Stock Exchange, half of which was sold by the Tencent Music while the rest comes from existing shareholders, Billboard reported.
Tencent Holdings initially planned its IPO for October, but postponed the offering amid escalating trade
“I slipped them on and thought I was walking on cloud fluff,” she says.
Lee died at her Milwaukee home on Nov. 22.