Universal Music Group (UMG), the world leader in music-based entertainment, has successfully completed its listing on Euronext Amsterdam. The IPO follows the earlier announced intention by the major shareholder Vivendi to distribute 60 per cent of UMG stocks to its shareholders.
The reference price of UMG shares was set at €18.50 per share, resulting in a market capitalisation of €33.5 billion on the day of listing.
Source: https://www.universalmusic.com/universal-music-group-lists-on-euronext-amsterdam/
