On February 6, an IPO application was filed by Warner Music Group, one of the three largest record companies in the world, competing with the Universal Music Group and Sony Music Entertainment.
IPO WMG: Return of a major label to the market
About Warner Music Group. The company operates labels such as Atlantic, Elektra, Reprise and Parlophone. Warner Music owns the rights to the works of artists such as Ed Sheeran, Madonna, Metallica, Katy Perry, Blake Shelton, and has more than 1.4 million copyrights in all genres. In 2004, Time Warner sold Warner Music to Bronfman Jr. and his fellow investors for $ 2.6 billion. Then, in 2005, Bronfman made the company public, and it subsequently traded on the New York Stock Exchange until 2011. In 2011, Warner Music became private when Access Industries Lena Blavatnika bought the company for $ 3.3 billion.
Underwriters: Morgan Stanley, Credit Suisse, Goldman Sachs
! DCF assessment will be presented after the Company announces the placement date and price range.