When will Tencent go public?

On June 16, 2004, Shenzhen Tencent Computer System Co., Ltd. was officially listed on the main board of Hong Kong Stock Exchange. Its stock name is Tencent Holdings and its stock code is 00700.HK. The company is registered in the British Cayman Islands.

Tencent was founded in June 1998 1 1. Founded in Shenzhen, the company is the earliest Internet instant messaging software developer in China. After Tencent was founded, it developed many instant messaging products, such as Tencent qq and WeChat.

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Listing is a term in the securities market. In a narrow sense, initial public offering (IPO) refers to the process that an enterprise issues shares to investors for the first time through a stock exchange in order to raise funds for enterprise development. When a large number of investors subscribe for new shares, they need to draw lots for allotment, which is also called drawing new shares. Investors who subscribe expect to sell at a price higher than the subscription price.

Under the environment of China, the listing is divided into two parts: China company is listed on China Shanghai Stock Exchange and China Shenzhen Stock Exchange; China companies go directly to non-Chinese mainland stock exchanges (such as Hongkong Stock Exchange, new york Stock Exchange, Nasdaq Stock Exchange, London Stock Exchange, etc.). ) and China companies indirectly set up offshore companies overseas and listed on overseas stock exchanges in the name of offshore companies (red chips).