Warner Music Group (WMG) has on Tuesday announced that it will go public this summer. The company is aiming for a listing on the NASDAQ stock exchange. Under the WMG covered many of the record labels and famous artists.
the Parent company, Access Industries, is an issue of 70 million shares, which is expected to be between 23 and 26, the $ 23,73 eur) are traded will be used. This is the initial public offering may be of 1.82 billion dollars.
The WMG to fall, many of the legendary record labels such as Atlantic Records, Elektra, Parlophone, and Performance. This represents WMG to hundreds of artists, including AC/DC, the Beatles, Bruno Mars, Phil Collins, Coldplay, Eagles, Dua Lipa, and Ed Sheeran.
The labels of the WMG was the last year for a turnover of about 3.84 billion u.s. dollars, and were, thereby, a market share of 86% of the total revenue of the company.