Universal Music Group Files for US Stock Listing
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Universal Music Group (UMG), home to artists like Taylor Swift and Drake, has filed to list its shares on the US stock market. The company, already listed in the Netherlands with a €50bn valuation, submitted a confidential statement to the SEC. The move, supported by major shareholder Bill Ackman, aims to increase UMG's value and trading liquidity. The size of the US offering remains undisclosed, pending SEC review.
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