The Wall Street Journal

Universal Music Group files for public offering

Universal Music Group files for public offering
Taylor Swift. (Image: Getty)
The Wall Street Journal
By Katherine HamiltonUniversal Music Group filed for a public offering in the US.The Netherlands-based music conglomerate said on Monday that it had filed a confidential registration statement with the Securities and Exchange Commission (SEC), proposing the offering.UMG won’t receive any proceeds from the sale of ordinary shares by the selling shareholders, it said. The number of shares and price range for the offering haven’t yet been determined.UMG, which owns the record label behind Taylor Swift and Lady Gaga, trades on the Euron...

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