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Warner Music Group’s Plans to Hold IPO Shouldn’t Come as a Surprise
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billboard.comConcerns over the spreading coronavirus have shaken the stock market for the past week. Warner Music Group is putting its plans to go public on hold while the stock markets shake from fears of a pandemic, according to a report by Reuters on Monday (March 2).
Parent company Access Industries had planned to raise $100 million through a public stock offering on the New York Stock Exchange.
But as the coronavirus has spread since that Feb. 6 announcement, the market’s interest in initial public offerings has looked increasingly less supportive.
Warner declined to comment; it remains in the quiet period required by the SEC of companies before their public offering. When Warner announced its plans to go public, it acted with a nonchalance
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