Warner Music to go ahead with US$13.3 billion IPO

Warner Music Group is one of the world’s ‘big three’ recording companies. – Wikipedia pic, June 3, 2020.

WARNER Music Group, one of the globe’s “big three” recording firms, is set to proceed with its initial public offering (IPO) valuing the company up to US$13.3 billion (RM56.7 billion).

Evidence of streaming’s boon to the once-beleaguered recording industry, the closely watched listing could come as soon as today, according to US media reports.

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