Universal Music Group publishes IPO prospectus ahead of $39 billion flotation

September 14, 2021

PARIS (Reuters) – Vivendi’s Universal Music Group, the world’s largest music company, whose artists include Lady Gaga and the Rolling Stones, published its prospectus on Tuesday ahead of a 33 billion euro ($39 billion) stock market flotation this month.

UMG is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.

($1 = 0.8464 euros)

(Reporting by Sudip Kar-Gupta, Sarah White and Marc Angrand; Editing by Louise Heavens)

Source Link Universal Music Group publishes IPO prospectus ahead of $39 billion flotation