Universal Music Group’s long-awaited debut on the stock market in Europe did not officially begin until Tuesday morning, but the process was only announced with Euronext that the technical reference price for UMG’s shares was about $ 21.70 per share (€ 18.50), which would be worth about বিল 39 billion. Dollars.
The price was first reported to Reuters by Vivendi, UMG’s current parent company, to Euronext. Vivendi, the parent company of UMG, is preparing to close Universal on the Euronext Amsterdam Stock Exchange on Tuesday.
However, that number could change dramatically after the market opens: this type of reference price guide. UMG is ready for a billion-billion-dollar valuation once the screen is up.
As the world’s largest label group, not to mention the second largest music publisher (according to music and copyright), UMG’s resources are more than impressive. The company has recently spent hundreds of millions of dollars on talent investments বিশেষ especially the 300 30,000 million acquisition of Bob Dylan’s publication catalog-a move that has become obsolete. In fact, a JPMorgan report says, “We would be worried if UMG hadn’t invested twice a decade before the industry grew.”
When the stage for an IPO was set in 2018 with industry turmoil and Chinese media giant Tencent’s 20% acquisition of the company (and billionaire Bill Ekman’s 10% acquisition last month) continuing, parents couldn’t ask Vivendi about the company’s spinoff from the recording industry this week. For a more inviting welcome mat than the sturdy mid-year report. The United States, which reported a 2% increase in revenue over the first six months of 2021-year after year the number is heavily affected by the epidemic মূলত is essentially the seventh year of global growth.
Daniel Ives, managing director of equity research at Wedbush Securities, said: “Now they smell like roses. When you look at the overall streaming with Universal, Warner Music and Apple Music and Spotify, it was a massive change that would be very little predictable. ”
Last year, the বাণিজ 12.2 billion in U.S. trade accounted for more than half of the 21 21.6 billion in global revenue, as reported by the International Federation of Phenographic Industries, so the RIAA report set the stage for the world’s largest music company to emerge from Bibendi. Parents Since 2001, a move that gives investors a pure play opportunity to capitalize on the pace of music.
How fast? We should know by midnight on Tuesday …