The company, which had previously remained publicly listed in Europe, did not disclose the size of the intended offering or potential revenue from it. The decision to move forward with a U.S. listing stems from suggestions by prominent investor Bill Ackman, who sees it as a way to enhance trading liquidity and overall market value. UMG, with rich heritage owning labels like Motown and Capitol Music Group, has been making headlines for its role in the music industry, including a recent dispute over royalties with TikTok. As it prepares for its U.S. venture, all eyes are on how this could reshape its market presence further.
Universal Music Group Eyes U.S. Stock Market Listing Amid Record Highs
Universal Music Group Eyes U.S. Stock Market Listing Amid Record Highs
Universal Music Group, home to stars like Taylor Swift and Drake, has filed to sell shares in the U.S. market as global equities rebound.
World’s largest music firm Universal Music Group (UMG) has taken steps to potentially list its shares in the United States, filing a confidential statement with the SEC. This move comes as U.S. markets hit record highs, creating an opportune environment for the music giant. Currently valued at nearly €50 billion in the Netherlands, UMG boasts an impressive roster that includes artists like Billie Eilish and Harry Styles.
