US EditionUniversal Music Group Confidentially Submits Draft Registration Statement for a Proposed U.S. Public Offering
NORTH HOLLAND, NETHERLANDS, JUL 21 – Universal Music Group confidentially filed to sell shares in the US, fulfilling a $500 million stake sale deal with Pershing Square, boosting liquidity and valuation, company said.
- Universal Music Group has confidentially submitted a filing to the US Securities and Exchange Commission to initiate the sale of its stock within the American market.
- The filing follows pressure from billionaire Bill Ackman-led Pershing Square, which argued a US listing would boost UMG's value and trading liquidity.
- UMG, valued at about €49.65 billion based on its Dutch exchange closing price, did not disclose the number of shares or the offering price range.
- Ackman expressed confidence that listing in the US would significantly enhance the shares' market liquidity, coinciding with record-high levels in US stock markets on Monday.
- The US IPO, pending SEC approval, seeks to raise funds for talent acquisition and international growth, reflecting increasing investor interest in music-based assets and digital revenue streams.
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75 Articles
The world's largest music company, behind stars like Taylor Swift, Drake and Lady Gaga, is planning to go public on the U.S. stock market. The decision coincides with record-breaking U.S. stock markets.
The most powerful major in the music industry is now valued at €50 billion.
Universal Music Files For A $500M Public Share Offering
UMG and Bill Ackman’s Pershing Square have an agreement that Pershing Square can request UMG to list in the U.S. if it sells at least $500 million in stock as part of the offering. – The Wall Street Journal
The world's largest record label, Universal Music Group (UMG), is planning to go public in the United States. The company, which is behind stars such as Taylor Swift, Lady Gaga, Billie Eilish, Ariana Grande and Harry Styles, has already filed a registration statement with the US Securities and Exchange Commission.
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