"We are very proud to be able to complete the IPO despite the challenging market," Chief Strategy Officer Tony Yip said in a telephone interview. "Raising over $1 billion in this type environment is not an easy task." Tencent Music finally launched its hotly anticipated IPO a day after U.S. and Chinese leaders brokered a 90-day truce in their trade conflict last week. Buoyed by renewed talks between Washington and Beijing, ride-hailing rivals Uber Technologies Inc [UBER.UL] and Lyft have also charged ahead with their IPO filings, aimed at a 2019 listing. "If this (Tencent Music's) IPO came out at a different time, without the geopolitical risk that is currently in the market, we would have seen a much different result in terms of Tencent Music's pricing," said Jeff Zell, senior research analyst and partner at IPO Boutique, an IPO tracking firm.