Latest news with #UMG
Yahoo
2 days ago
- Business
- Yahoo
Universal Music Group confidentially files for US stock market listing
Universal Music Group (UMG) has submitted a confidential application with the Securities and Exchange Commission (SEC) to sell its shares in the US. The firm will not receive any proceeds from the sale, UMG said in a statement on Tuesday. 'The number of ordinary shares to be offered and the price range for the proposed offering have not yet been determined,' it added. The listing also remains subject to review by the SEC. The world's biggest music company, which represents artists like Taylor Swift, Billie Eilish, and Lady Gaga, is already listed in Amsterdam and has a stock market valuation there of almost €50 billion. The firm is both American and Dutch, holding its corporate headquarters in Hilversum, the Netherlands, and its operational headquarters in Santa Monica in the US state of California. Related World's biggest music labels sue AI song-generators for copyright infringement Universal Music Group and Spotify sign new deal as Björk slams streaming company UMG said in January that it would plan for the US listing after pressure from major hedge fund investor Pershing Square. Billionaire Bill Ackman, who leads Pershing Square, argued that a listing in the US would substantially boost UMG's value. Despite a dip caused by Trump's tariffs, US stock markets are now enjoying a rebound with the Nasdaq and the S&P 500 closing at record highs on Monday. The S&P 500 rose 0.1% and edged past its all-time high set last Thursday, the Nasdaq composite added 0.4% to its own record, while the Dow Jones Industrial Average dropped by less than 0.1%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Universal Music Group confidentially files for US stock market listing
Universal Music Group (UMG) has submitted a confidential application with the Securities and Exchange Commission (SEC) to sell its shares in the US. The firm will not receive any proceeds from the sale, UMG said in a statement on Tuesday. 'The number of ordinary shares to be offered and the price range for the proposed offering have not yet been determined,' it added. The listing also remains subject to review by the SEC. The world's biggest music company, which represents artists like Taylor Swift, Billie Eilish, and Lady Gaga, is already listed in Amsterdam and has a stock market valuation there of almost €50 billion. The firm is both American and Dutch, holding its corporate headquarters in Hilversum, the Netherlands, and its operational headquarters in Santa Monica in the US state of California. Related World's biggest music labels sue AI song-generators for copyright infringement Universal Music Group and Spotify sign new deal as Björk slams streaming company UMG said in January that it would plan for the US listing after pressure from major hedge fund investor Pershing Square. Billionaire Bill Ackman, who leads Pershing Square, argued that a listing in the US would substantially boost UMG's value. Despite a dip caused by Trump's tariffs, US stock markets are now enjoying a rebound with the Nasdaq and the S&P 500 closing at record highs on Monday. The S&P 500 rose 0.1% and edged past its all-time high set last Thursday, the Nasdaq composite added 0.4% to its own record, while the Dow Jones Industrial Average dropped by less than 0.1%. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Euronews
2 days ago
- Business
- Euronews
Universal Music Group confidentially files for US stock market listing
Universal Music Group (UMG) has submitted a confidential application with the Securities and Exchange Commission (SEC) to sell its shares in the US. The firm will not receive any proceeds from the sale, UMG said in a statement on Tuesday. 'The number of ordinary shares to be offered and the price range for the proposed offering have not yet been determined,' it added. The listing also remains subject to review by the SEC. The world's biggest music company, which represents artists like Taylor Swift, Billie Eilish, and Lady Gaga, is already listed in Amsterdam and has a stock market valuation there of almost €50 billion. The firm is both American and Dutch, holding its corporate headquarters in Hilversum, the Netherlands, and its operational headquarters in Santa Monica in the US state of California. UMG said in January that it would plan for the US listing after pressure from major hedge fund investor Pershing Square. Billionaire Bill Ackman, who leads Pershing Square, argued that a listing in the US would substantially boost UMG's value. Despite a dip caused by Trump's tariffs, US stock markets are now enjoying a rebound with the Nasdaq and the S&P 500 closing at record highs on Monday. The S&P 500 rose 0.1% and edged past its all-time high set last Thursday, the Nasdaq composite added 0.4% to its own record, while the Dow Jones Industrial Average dropped by less than 0.1%.
Yahoo
2 days ago
- Business
- Yahoo
Universal Music Group Confidentially Submits Draft Registration Statement for a Proposed U.S. Public Offering
HILVERSUM, The Netherlands, July 21, 2025 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or the "Company") announced today that it has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed public offering in the United States of the Company's ordinary shares held by certain shareholders. UMG will not receive any proceeds from the sale of ordinary shares by the selling shareholders. The number of ordinary shares to be offered and the price range for the proposed offering have not yet been determined. The offering remains subject to the completion of the SEC review process as well as market and other conditions. This press release is being issued pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended ("Securities Act"). This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. About Universal Music Group At Universal Music Group N.V., we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across nearly every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation, and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information, visit View original content to download multimedia: SOURCE Universal Music Group N.V. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
2 days ago
- Business
- BBC News
Taylor Swift and Drake music giant files to list on US stock market
Universal Music Group's (UMG) - which is the world's biggest music group and owner of the record labels behind mega stars Taylor Swift, Drake and Lady Gaga - has filed to sell its shares in the company, which is already listed in the Netherlands, has a stock market valuation there of almost €50bn ($43.3bn; $58.5bn).The music powerhouse's line-up of international superstars also includes Billie Eilish, Ariana Grande and Harry move comes as two major US share indexes - S&P 500 and Nasdaq Composite - closed at fresh record highs on Monday as share markets continue to rebound after a brief slump over concerns triggered by President Donald Trump's tariff policies. UMG said in its statement that it has filed a confidential statement with the US financial markets regulator, Securities and Exchange Commission (SEC).The potential public offering remains subject to review by the SEC, it company did not reveal the size of the planned US offering or how much it could filings allow firms to keep information private while engaging with regulators and assessing investor appetite for a share sale before disclosing details investor Bill Ackman's hedge fund Pershing Square, which is one of the biggest shareholders of UMG, has previously pushed the firm to list in the January, Mr Ackman posted on X that a listing in the US would push up UMG's value."We also believe the US listing will greatly improve trading liquidity for the shares," he said.
