Universal Music Group Targets 2022 for IPO

Universal Music Group plans to have an initial public stock offering in 2022, parent company Vivendi announced Tuesday in its third quarter earnings release. The IPO will happen in 2022 because of positive trends in operations, the market potential and discussions between UMG and its partners, Vivendi CFO Hervé Philippe said during Tuesday’s earnings call.

Source: Universal Music Group Targets 2022 for IPO

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