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

© Reuters.

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.

($1 = 0.8464 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.