Universal Music Group publishes IPO prospectus ahead of $39 bln flotation

Pershing Square Holdings

14/09/2021 07:56

PARIS, Sept 14 (Reuters) - Vivendi's  VIV.PA  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)

 (Reporting by Sudip Kar-Gupta, Sarah White and Marc Angrand;
Editing by Louise Heavens)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))