By Jem Aswad Senior Music Editor Warner Music Group has announced the pricing of its initial public offering of 77,000,000 shares of its Class A common stock at a public offering price of $25.00 per share.
The size of the IPO was increased from the previously announced 70,000,000 shares of Class A common stock. The company filed a registration statement on Form S-1with the U.S.
Securities and Exchange Commission earlier this year. The offering consists entirely of secondary shares to be sold by Access Industries and certain related selling stockholders.
The Company will not receive any proceeds from the offering. The underwriters will have a 30-day option to purchase up to an additional 11,550,000 shares of Class A common stock from
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