labels

UMG shares soar 38% as Sir Lucian Grainge predicts 'new wave of music consumption'

Universal Music Group shares soared 38.1% in the first day of trading. The major was valued at around €33.5 billion ahead of its debut on the EuroNext exchange in Amsterdam today (September 21). During the first hours of trading, that market valuation soared above €46bn. Parent company Vivendi had set a ...

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