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Wednesday 3 June 2020

Warner Music to float in US in first big-name launch since pandemic

Streaming firm to be joined a day later by ZoomInfo Technologies, with combined value of $20bn

The first big-name flotations since the coronavirus pandemic hit the world’s financial markets are due in New York later this week as Warner Music and the data firm ZoomInfo Technologies, with a combined value of $20bn (nearly £16bn), get set to list their shares.

Warner Music, the world’s third-biggest record company, home to artists including Ed Sheeran, Bruno Mars and Dua Lipa, is to list on the US Nasdaq on Wednesday, valued as high as $13.3bn.

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from The Guardian https://ift.tt/2zJMVXH

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