Euronews.
By Jez Fielderwith Reuters
The world’s biggest music label, which represents musicians and song catalogues from Billie Eilish to The Rolling Stones and Bob Dylan, saw its market value leap to almost 47 billion euros ($55 billion) in Europe’s largest listing of the year.
Universal Music Group’s shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run.
Universal’s shares were trading at 25.70 euros by 0730 GMT, up by around 39% compared to its reference price of 18.50 euros.