Universal Music is a hit
Investors rush to sample the streaming boom
A ROCKSTAR’S WELCOME greeted Universal Music Group when it launched on Amsterdam’s Euronext exchange on September 21st in Europe’s largest listing of the year. Giddy investors all but threw their knickers at the newly public company, whose share price finished the day up by 36%, valuing the world’s biggest record label at €45bn ($53bn).
This article appeared in the Business section of the print edition under the headline “Gimme! Gimme! Gimme!”
Business September 25th 2021
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From the September 25th 2021 edition
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