IPO Outlook For The Week: Tencent Music, Mobile Homes And A Fintech Company


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud. IPO dates below are expected but not confirmed.

Tencent Music Entertainment Group (TME) will issue 82 million shares between $13 and $15 Wednesday on the New York Stock Exchange. The Tencent subsidiary leads Chinese music streamers with apps for listening, watching performances and connecting with friends for remote karaoke.

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Legacy Housing Corp (LEGH) will issue 3.5 million shares between $10.75 and $12.75 Thursday on the Nasdaq. The Texas-based manufacturer sells tiny houses and mobile homes through retail sites in 12 states.

360 Finance, Inc. (QFIN) will issue 3.1 million shares between $16.50 and $18.50 Friday on the New York Stock Exchange. Based in Shanghai, the fintech platform links borrowers and financial institutions for transactions up to 200,000 yuan.

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27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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