Universal Music Shares Soar in Market Debut


Shares of Widespread Music Group NV—behind stars along with Taylor Swift, Drake and the Beatles—surged in their trading debut, a sturdy vote of confidence from merchants in continued progress throughout the music commerce.

In early shopping for and promoting, the company’s stock rose 38% above the reference worth of 18.50 euros, set Monday night time by the Euronext commerce in Amsterdam. On the current worth, the world’s largest music agency, which is being spun off from French media conglomerate Vivendi SE , has a valuation of larger than €45 billion, equal to $52.75 billion. | Widespread Music Shares Soar in Market Debut

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