Rumor Mill

MARKET CAPTAIN: SIR LUCIAN GRAINGE

September 28, 2021

 


Following a gangbusters debut on Amsterdam’s Euronext exchange, Sir Lucian Grainge’s UMG has soared to an eye-popping $51.4b/€43.8B market cap. It’s a validation not only of the red-hot music group but the biz overall as the streaming revolution drives valuations ever skyward. That said, Sir Grainge is eager to shed the penny stock known as HITS, if he can find anyone to buy.