Taylor Swift and Drake music big information to checklist on US inventory market

Common Music Group’s (UMG) – which is the world’s largest music group and proprietor of the document labels behind mega stars Taylor Swift, Drake and Girl Gaga – has filed to promote its shares within the US.

The corporate, which is already listed within the Netherlands, has a inventory market valuation there of just about €50bn ($43.3bn; $58.5bn).

The music powerhouse’s line-up of worldwide superstars additionally contains Billie Eilish, Ariana Grande and Harry Types.

The transfer comes as two main US share indexes – S&P 500 and Nasdaq Composite – closed at contemporary document highs on Monday as share markets proceed to rebound after a short droop over considerations triggered by President Donald Trump’s tariff insurance policies.

UMG stated in its assertion that it has filed a confidential assertion with the US monetary markets regulator, Securities and Alternate Fee (SEC).

The potential public providing stays topic to assessment by the SEC, it added.

The corporate didn’t reveal the dimensions of the deliberate US providing or how a lot it may increase.

Confidential filings permit corporations to maintain data non-public whereas participating with regulators and assessing investor urge for food for a share sale earlier than disclosing particulars publicly.

Billionaire investor Invoice Ackman’s hedge fund Pershing Sq., which is without doubt one of the largest shareholders of UMG, has beforehand pushed the agency to checklist within the US.

In January, Mr Ackman posted on X {that a} itemizing within the US would push up UMG’s worth.

“We additionally consider the US itemizing will tremendously enhance buying and selling liquidity for the shares,” he stated.