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

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PARIS (Reuters) – Vivendi (OTC:)’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.

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