Universal Music Group’s (UMG) – which is the world’s biggest music group and owner of the record labels behind mega stars Taylor Swift, Drake and Lady Gaga – has filed to sell its shares in the US.
The company, which is already listed in the Netherlands, has a stock market valuation there of almost €50bn ($43.3bn; $58.5bn).
The music powerhouse’s line-up of international superstars also includes Billie Eilish, Ariana Grande and Harry Styles.
The move comes as two major US share indexes – the S&P 500 and Nasdaq Composite – closed at fresh record highs on Monday as share markets continue to rebound after a brief slump over concerns triggered by President Donald Trump’s tariff policies.
UMG said in its statement that it has filed a confidential statement with the US financial markets regulator, Securities and Exchange Commission (SEC).
The potential public offering remains subject to review by the SEC, it added.
The company did not reveal…
