Warner Music Group’s IPO Confirms Wall Street Interest
Written by IMN on 23 Feb 2020
Warner Music Group recently tested it’s strength as a public company. This after announcing its first public offering on Feb.6, 2020.
The offering came 6 weeks after a competitor announced their Tencent deal. That competitor being Universal Music Group.
UMG would be valued at $23.5 billion by Goldman Sachs in August 2017. Universal’s Tencent deal would provide the inspiration for Warner to explore their options.