Warner Music Group Sets IPO Price for Biggest U.S. Stock Launch of 2020
billboard.comWarner Music Group is expected to officially begin trading later this morning on the Nasdaq exchange with its initial public offering carrying a $25 per-share price, which means that the company is realizing an equation valuation of $12.75 billion.That will make it the largest stock offering so far this year, and according to press reports in financial and business news publications, it instills hope among Wall Street traders that the WMG offering will help break the dam and bring forth more stock offerings in a market so far this year chilled by the global pandemic.Press reports further suggest that the stock was expected to debut yesterday on Tuesday, but was delayed due to the music industry wide blackout whereby music companies stopped.
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