Warner Music Prices IPO at $25 Per Share, Valuing Company at $12.75 Billion

Management of the music major is"indicating a significant positive inflection in margins," says one analyst, but"the majority of investors we speak with are skeptical."at $25 per share, at the higher end of the $23-$26 range and valuing the company at $12.75 billion.

The IPO priced 77 million shares of Class A common stock, up from 70 million originally planned. That raised more than $1.9 million for shareholders, up from the original target of as much as $1.8 billion. The company will have 510 million shares outstanding after the IPO, valuing it at $12.75 billion.

Bernstein analyst Todd Juenger in a Tuesday report noted that his base case valuation scenario was for $12.7 billion. He also discussed various topics on investors minds, including music majors' competitive position compared with indies in the digital age. "One could make a strong argument that the independent labels are in a better position now than they ever have been, to compete with the majors ," he wrote.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

WSJ News Exclusive | Warner Music, ZoomInfo Poised to Boost IPO MarketThe burst of activity comes after months of relative quiet, with potential issuers scared away by the coronavirus pandemic and related turmoil. The issues are expected to raise $2.5 billion combined if the shares price at the midpoints of their target ranges. Is that Beyonce?
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »

The Weeknd's Call to Action for Music Industry: 'No One Profits Off of Black Music More'The Weeknd’s call to action for music industry: 'No one profits off of black music more' dude looks like he needs another facial 🙄 Not particularly with his music and videos where he promotes violence with his face covered in blood. Doesn't he do videos with bloodied African Americans?
مصدر: RollingStone - 🏆 483. / 51 اقرأ أكثر »

The Weeknd Calls on Major Music Companies to ‘Go Big and Public’ With Blackout Tuesday DonationsThe Weeknd, who on Monday donated $500,000 to black-empowerment organizations, urged the three major labels, Sony, Universal and Warner, and top two streaming services, Spotify and Apple, to “go bi…
مصدر: Variety - 🏆 108. / 63 اقرأ أكثر »