Universal Music Group Confirms US Stock Market Listing Filing
Universal Music Group Confirms US Stock Market Listing Filing
Universal Music Group (UMG), the world’s largest music conglomerate and home to global superstars like Taylor Swift, Drake, and Billie Eilish, has officially filed a confidential statement with the US Securities and Exchange Commission (SEC) to list its shares on a US stock market. This strategic move aims to broaden its investor base and enhance liquidity, building on its existing listing in the Netherlands.
The company, which boasts a current valuation of nearly €50 billion ($58.5 billion) on the Dutch exchange, did not disclose the specifics of the planned US offering, including its size or the projected capital raise. Confidential filings allow companies to engage with regulators and gauge investor interest privately before releasing full details publicly.
This push for a US listing has been a long-standing desire of major shareholders, including billionaire investor Bill Ackman’s hedge fund Pershing Square, which is a significant stakeholder in UMG. Ackman has previously advocated for a US listing, citing its potential to boost UMG’s valuation and significantly improve share trading liquidity.
UMG’s extensive portfolio includes iconic record labels such as Motown Records and Capitol Music Group, representing a legendary roster of artists from The Beatles and Marvin Gaye to Katy Perry and Lady Gaga. The company recently resolved a high-profile dispute with TikTok in May 2024 over royalty payments, leading to the return of UMG’s vast music catalog to the popular social media platform.
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