Deals
Warner Music Shares Rise After $1.9 Billion Upsized U.S. IPO
- Pricing was delayed to observe industry’s Blackout Tuesday
- IPOs return this week, with $6.4 billion in listings planned
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Warner Music Group Inc. rose in its trading debut after shareholders raised $1.93 billion in an upsized initial public offering, the biggest U.S. listing this year.
Shares of the music label, initially priced at $25, opened at $27 at 11:52 a.m. in New York, giving the company a market value of $13.8 billion. They climbed as much as 23% from the offering price, to $30.85.