Universal Music Group’s roster of stars includes Taylor Swift, Billie Eilish, Drake, The Weeknd, Ariana Grande and Harry Styles, according to its website.Arnd Wiegmann/Reuters
Universal Music Group, the world’s largest music label, disclosed on Monday that it had confidentially filed for a U.S. listing.
The Netherlands-based company did not reveal the size of the U.S. offering or how much it planned to raise. Its primary listing remains in the Netherlands.
Based on its Monday closing price on the Dutch exchange, the company was valued at approximately €49.65-billion ($79.4-billion). The stock has seen a roughly 10 percent increase this year.
Universal Music’s impressive roster of talent, as per its website, includes global superstars like Taylor Swift, Billie Eilish, Drake, The Weeknd, Ariana Grande, and Harry Styles.
Billionaire Bill Ackman’s Pershing Square, a significant stockholder in Universal Music, had previously advocated for the company to list its shares in the United States.
This move by Universal Music aligns with a trend of companies seeking U.S. listings. They aim to capitalize on a robust rebound in the country’s equity markets. This surge follows a brief period of uncertainty linked to former President Donald Trump’s tariff policies.
Confidential filings offer companies a way to keep financial and strategic details private. This allows them to engage with regulators and gauge investor interest before making a public disclosure.
