The day before it goes public, Universal Music Group has been valued at $39.3b and will be listed tomorrow at €18.5—$21.69—per share.
Euronext, the Amsterdam market on which the company will be traded, made the announcement of Vivendi’s reference price (a guide based on private trades).
In the month since UMG reported that its revenues will jump 10% in 2021, Barclays increased its valuation to €41.4b ($48.55); JPMorgan analysts have pegged their valuation of €54b ($62.3b) as "conservative."
JENNIFER KNOEPFLE: THE HITS INTERVIEW
A publishing all-star tells her story. (5/7a)
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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