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Warner Music Group Sets IPO Price

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thewrap.com
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Warner Music Group has set its initial public offering (IPO) price at $25 per share. The size of the IPO has been increased from 70 million shares to 77 million shares.

That translates to a $1.925 billion public offering. WMG’s stock will begin trading today on the Nasdaq under ticker symbol WMG.

The U.S. stock markets open today at 9:30 a.m. ET. Additionally, Warner Music Group and owner Len Blavatnik have pledged $100 million “to support charitable causes related to the music industry, social justice and campaigns against violence and racism.” “This fund will support the extraordinary, dedicated organizations that are on the front lines of the fight against racism and injustice, and that help those in need across the music industry,”

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