Tencent Music's $1.1b IPO falls short
China’s dominant music distributor had hoped to overtake Spotify with its $1.1 billion New York IPO. But for now, Tencent Music still lags its main international rival.
December 12, 2018
The world’s third biggest steelmaker, Pohang Iron and Steel Company (Posco), priced its second international bond issue in two years late Thursday.
According to the company, Posco plans to use the proceeds from the sale to pay for raw materials and overseas investments, such as the construction of steel mills in foreign countries and the development of mines for raw materials.
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