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Tencent’s roster of IPOs doesn’t live up to the hype


Customers look on as a NIOInc. EP9 sports car stands on display inside the Nio House showroom at the Shanghai Tower in Shanghai, China, on Friday, Sept. 14, 2018. NIO last weekbecame the first major electric-car maker to have a U.S. initial public offering since Tesla Inc.in 2010. Photographer: Qilai Shen/Bloomberg

Customers look on as a NIOInc. EP9 sports car stands on display inside the Nio House showroom at the Shanghai Tower in Shanghai, China, on Friday, Sept. 14, 2018. NIO last weekbecame the first major electric-car maker to have a U.S. initial public offering since Tesla Inc.in 2010. Photographer: Qilai Shen/Bloomberg

TENCENT Holdings Ltd, one of China’s most influential companies, is also one of the most active technology investors, backing some of the world’s biggest initial public offerings.

There is just one problem: The technology giant’s support doesn’t make these deals a sure thing for investors.

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