Warner Music Group on Tuesday said it is moving forward with its IPO, with plans to sell 13.7% of its stock at $23 to $26 a share.
Warner Music Group announced Tuesday that it is moving forward with its IPO, selling 13.7% of its common stock at $23 to $26 a share.showing optimism in the music industry,The company, which represents artists including Ed Sheeran and Cardi B, is planning to offer 70 million shares of its common stock at the launch of its IPO. A date has not yet been announced. Warner Music Group declined to comment., which has been hard hit by the COVID-19 pandemic, with many live events canceled or postponed.
“People are listening to music more than ever before, that makes Warner and its peers so exciting,” said Rich Greenfield, a partner at research firm LightShed Partners. “This is a great time to be in the music business.”
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