Owners
2020: Warner Music held an IPO on Nasdaq and raised $1.9 billion
In June 2020, one of the largest record companies in the world, Warner Music Group raised $1.9 billion during an initial public offering on Nasdaq under the WMG ticker. This is the largest IPO since the beginning of 2020 in the United States.
The company sold 77 million shares at $25 apiece, the group's capitalization reached $12.8 billion.
The funds raised will not be invested in the company - they are used for investments by the owner of the group Leonard Blavatnik.
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |