Universal Music Group IPO: 8 Things for Potential UMG Stock Investors to Know as Shares Debut

Common Music Group (AMS:UMG) inventory is rising increased on Tuesday as the corporate debuts its shares on the Amsterdam Web Change through an preliminary public providing (IPO).

Supply: Merla / Shutterstock.com

Let’s dive into the main points beneath for brand new buyers fascinated with UMG inventory.

  • The preliminary public providing of UMG inventory comes because of Vivendi (OTCMKTS:VIVHY) spinning off the enterprise.
  • This noticed the corporate drop a 60% stake in Common Music Group to its shareholders.
  • It additionally resulted available in the market capitalization of Common Music Group leaping to $55 billion.
  • That makes it the present newest itemizing of the 12 months in Europe.
  • It’s value noting that the Common Music Group IPO had a list worth of 18.50 euros per share for UMG inventory.
  • Nevertheless, shares shortly shot above that to about 25 euros per share as of this writing.
  • So why are buyers so enthusiastic about UMG inventory?
  • It has to do with the rising sentiment that there’s nonetheless loads of room for the music streaming business to develop.

Lucian Grainge, CEO of Common Music Group, mentioned the next to Reuters concerning the IPO.

“I imagine that we’re solely in the beginning of the following wave of development as music subscription and ad-supported consumption is scaling globally and has a protracted runaway forward.”

Whereas there’s no earlier common buying and selling quantity to match to, UMG inventory is buying and selling closely at this time. As of this writing, some 52 million shares of the inventory have modified palms.

Buyers within the U.S. seeking to seize shares of Common Music Group inventory can discover it on the OTC Markets. It trades right here as Common Media Group (OTCMKTS:UMGP).

UMG inventory was up 35.7% as of Tuesday morning.

Buyers in search of extra inventory market information ought to stick round!

There’s tons to speak about with the inventory market this morning and we’ve acquired it lined! That features the newest dives into Rewalk Robotics (NASDAQ:RWLK), QuantumScape (NYSE:QS), and Uber (NYSE:UBER) shares. You will get these particulars on the following hyperlinks!

Extra Tuesday Inventory Market Information

On the date of publication, William White didn’t have (both instantly or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Tips.

Article printed from InvestorPlace Media, https://investorplace.com/2021/09/universal-music-group-ipo-8-things-for-potential-umg-stock-investors-to-know-as-shares-debut/.

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