UMG'S OPENING PRICE WILL BE ABOUT $22

The day before it goes public, Universal Music Group has been valued at $39.3b and will be listed tomorrow at €18.5—$21.69—per share.

Euronext, the Amsterdam market on which the company will be traded, made the announcement of Vivendi’s reference price (a guide based on private trades).

In the month since UMG reported that its revenues will jump 10% in 2021, Barclays increased its valuation to €41.4b ($48.55); JPMorgan analysts have pegged their valuation of €54b ($62.3b) as "conservative."

A GRAMMY-FLAVORED HITS LIST
Extra-tangy (11/12a)
BEY LEADS ARRAY OF FEMALE STARS IN GRAMMY NOMINATIONS
Adding up the numbers (11/8a)
GRAMMY CHEW: RUMINATING ON THE BIG 4 NOMS
80% is a lot better than usual. (11/12a)
UMG STATEMENT ON ACKMAN'S TWEET: NO
A high-end face-off (11/11a)
AND THE 2025 GRAMMY NOMINEES ARE...
And away we go. (11/8a)
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
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