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Universal Music Approaches $53 Billion Valuation Following IPO
Universal Music nears $ 53 billion valuation after IPOT Ten minutes after the start of the trading session, shares were trading for € 25.61 on the Euronext Amsterdam stock exchange. Two hours later, they had stabilized at € 24.97. This is a 35% jump from the figure of € 18.50 that the group announced on Monday as a benchmark price. With stocks at this value, the group has a market capitalization close to $ 52.7 billion (45 billion euros).
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