Earlier this month we reported that Vivendi was in talks to potentially sell a 10% stake in Universal Music Group to Pershing Square Tontine Holdings Ltd. Now the deal has been sealed, […]
Tag: stock market
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Linkfire set to list in Sweden after 43% growth in 2020
The latest music-related company set for a public listing is marketing-tech firm Linkfire. Swedish newspaper Dagens Industri has the story, with the Danish startup planning to list on the Swedish First […]
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Believe endures bumpy start to life as a public company
Music distributor Believe has now gone public, but its first day on the markets was somewhat turbulent. The day’s trading opened with Believe shares at €19.50, but they dropped during […]
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Universal Music set for public listing by late September
There is some news on Vivendi’s plans to spin out Universal Music Group with a public listing on the Euronext Amsterdam exchange: a date. It was revealed in documents published ahead […]
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Peloton share price hit by treadmill recall and data leak
As the markets closed on Tuesday night, Peloton was worth $28.48bn. 24 hours later, it was worth $24.33bn, with $4.15bn knocked off its market cap by a day of two […]
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First day of Roblox trading valued games firm at $38.3bn
Games firm Roblox is now a public company, having successfully seen through its direct listing on the New York Stock Exchange. Its first day of trading yesterday saw the company’s […]
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Anghami reportedly set for public listing through Spac merger
Middle Eastern streaming service Anghami may be going public soon, via a special purpose acquisition company (Spac) in the US. Bloomberg reported that Anghami is “close to being listed on the Nasdaq […]
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Universal Music Group to go public with Amsterdam listing
The London Stock Exchange may be the listing venue of choice for companies like Hipgnosis and Round Hill Music, but Universal Music Group will be going public on a different […]
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Spotify shares tumble after warning of uncertainty ahead
We reported yesterday on Spotify’s latest financial results, including decent growth in users, subscribers and revenues. Yet by the end of the day, the company was worth $5.37bn less than the […]
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Universal Music Group could now go public by the end of 2021
A consortium led by Chinese tech giant Tencent has completed its deal to buy another 10% stake in Universal Music Group, valuing the major label at €30bn overall. The consortium now owns […]
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Report: Patreon could file to go public later in 2021
Patreon is now generating more than $100m in annualised revenues, according to a new profile of the company by tech site The Information. That means it’s currently generating more than $8.3m a […]
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Netflix shares soar as video services passes 200m subscribers
Netflix ended 2020 with 203.7 million paying subscribers, according to its latest financial results. The company added 8.5 million net paid members in the final quarter of the year, and 37 […]