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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