Universal Music Group shares will be dual-listed on a U.S. exchange in 2025 as Pershing Square sells some of its stake for a U.S. listing.
Amsterdam – 21 September 2021– Euronext today congratulates Universal Music Group, the world leader in music-based entertainment, on its listing on Euronext Amsterdam (ticker code: UMG). UMG is home to a broad array of businesses engaged in recorded music, music publishing, merchandising and au...
Universal Music Group set to list on US exchange; Pershing Square to sell $500m in UMG stock to make it happen The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process. News ...
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and Drake—jumped by nearly 40%on their first day of trading. (They weredownabout 4% on Wednesday following the jump.) That was Europe’s largest IPO listing of 2021, giving Universal a market value of over $55 billion and perhaps anyone who wrote off the music industry as doomed ...
Home News UNIVERSAL MUSIC GROUP ANNOUNCES APPOINTMENTS TO NETHERLANDS-BASED CORPORATE AND FINANCE TEAMS IN PREPARATION FOR PROPOSED LISTING ON EURONEXTHILVERSUM, NETHERLANDS, April 13, 2021 – Sir Lucian Grainge, Chairman and CEO of Universal Music Gro...
The answers lie in the two-tier narrative that is building around today’s music business. If the UMG listing had happened as recently as two years ago, we probably would not be talking about such a stellar trading debut. The fact that we are doing so now is because the music market ...
Ackman added that “UMG trades at a large discount to its intrinsic value with limited liquidity in significant part due to it not having its primary listing on the [New York Stock Exchange] or [Nasdaq] and not being eligible for S&P 500 and other index inclusion. We are going to ...
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