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Warner Music reveals IPO pricing of $25 per share | ![]() |
Wednesday, 03. June 2020 14:19 |
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Warner Music Group Corp. revealed on Wednesday that the pricing of the initial public offering (IPO) of its stock will be set at $25 per share. The size of the IPO has been boosted from 70 million to 77 million shares of the company's Class A common stock, which would mean that an amount of $1.925 billion could be raised in the process. Class A common shares will make their debut at the Nasdaq Stock Market today under the ticker symbol "WMG," the company said, adding that the underwriters, represented by Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC "will have a 30-day option to purchase up to an additional 11,550,000 shares [...] from the selling stockholders." |
Related Links: Goldman Sachs Group Inc., Credit Suisse Group, Morgan Stanley |
Author: Breaking the News / MS |