Euronext today congratulates Universal Music Group, the world leader in music-based entertainment, on its listing on Euronext Amsterdam (ticker code: UMG).
UMG is home to a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists, and produces and distributes the most critically acclaimed and commercially successful music in the world.
The listing of Universal Music Group on Euronext Amsterdam follows the earlier announced intention by Vivendi to distribute 60% of UMG shares to Vivendi shareholders.
The reference price of Universal Music Group shares was set at €18.50 per share, resulting in a market capitalisation of €33.5 billion on the day of listing.
Sir Lucian Grainge, Chairman and CEO of UMG, said: “Today’s listing marks an exciting milestone in UMG’s storied history, reflecting our position as the world’s leading music-based entertainment company and our deep commitment to our amazing artists, songwriters and partners. We offer our thanks to the team at Euronext Amsterdam for their work on this listing and look forward to a great partnership together.”