Quantcast
IN A SHOCKER, WMG FILES FOR AN IPO

Warner Music Group has taken the music industry by surprise, filing a registration statement on Form S-1 with the SEC for a proposed initial public offering of its common stock.

The shares of common stock to be sold in this offering are proposed to be sold by certain of WMG’s stockholders, according to the 2/6 announcement from the music group. The number of shares of common stock to be offered and the price range for the proposed offering have yet to be determined, according to the announcement.

Warner has tapped Morgan Stanley, Credit Suisse and Goldman Sachs to jointly manage the IPO.

WMG was publicly traded on the NYSE until Len Blavatnik’s Access Industries bought the company for $3.3 billion in 2011, a half decade before the streaming revolution began to turn the music business around, skyrocketing Warner’s valuation, as all boats rose, figuratively speaking.

They're rising still, as this bullish move makes abundantly clear.

More details as we get them.  

MAYBE, JUST MAYBE:
MOBILE PHONES,
IMMOBILE HUMANS
Lenny Beer needs to cut down on his screen time. (10/1a)
RAINMAKERS: MICHAEL RAPINO, NATION BUILDER
A tease for the upcoming edition, eh? (10/1a)
THE DEATH OF PRINT JOURNALISM: GRAMMY PREVIEW EDITION
Gimme an "H." Gimme another "H." (9/30a)
NEAR TRUTHS: PARANOIA STRIKES DEEP—INTO YOUR LIFE
IT WILL CREEP*
A high-revving column (10/1a)
YOUR TOP 20 IS
FULLY LOADED
Prediction: There will be 20 albums in the Top 20 this week. (10/1a)
GRAMMY TALK
We're full of it.
AFRICAN POP
Getting global with it.
IT'S PRETTY SMOKY
And this time it's not from our bong.
WHAT COMES AFTER TIKTOK?
Shorter videos! Weirder trends!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)