Shares of the largest record company of the world Universal Music Group (UMG) after entering the EUROEXT Amsterdam Amsterdam Stock Exchange at 42.97 percent (up to 26.45 euros). Later, the growth slowed to 35.24 percent (25.02 euros) compared with the reference price of 18.5 euros, writes CNBC.
Listing (inclusion of securities in the list of traded assets) turned out to be the largest in Europe this year. Universal Music expects to obtain an estimate of 33 billion euros during IPO (primary public offering).
At the UMG studio recorded their Lady Gaga albums, Billy Alish, Taylor Swift and Kanye West. The company owns the rights to musical compositions Queen, The Beatles, Bob Dilan. Last year, the revenue of the label was about 7.4 billion euros. The Maternal company UMG is French Media Holding Vivendi.
Earlier it was reported that the Russian network of supermarkets “Datville” is preparing for an IPO on the New York Stock Exchange this year or at the beginning of the following. The company can estimate $ 3-5 billion. Retailer plans an IPO with secondary listing on the Moscow Stock Exchange.