Sir Lucian Grainge

UMG Moves Closer to US Stock Listing

A draft registration statement was filed on Monday

Universal Music Group (UMG) is moving ahead with plans to launch a secondary listing in the US.

The details:

  • On Monday 21 July, UMG “confidentially” submitted a draft registration statement on Form F-1 to the US Securities and Exchange Commission (SEC) relating to a proposed public offering in the US of the company’s ordinary shares held by certain shareholders.

  • UMG states it “will not receive any proceeds from the sale of ordinary shares by the selling shareholders.”

  • The number of shares and their price have not been determined.

  • The offering remains subject to the completion of the SEC review process, as well as market and other conditions.

The secondary listing:

  • As per Music Business Worldwide (MBW), UMG has been trading in the Netherlands “under the ticker UMG” since September 2021.

  • A listing on the US stock exchange would be in addition to the above.

  • A request for a secondary listing on the US stock exchange was made in January by Pershing Square Holdings, led by billionaire investor Bill Ackman.

  • Ackman resigned from UMG’s board in May.

Universal Music Group (UMG) is moving ahead with plans to launch a secondary listing in the US.

The details:

  • On Monday 21 July, UMG “confidentially” submitted a draft registration statement on Form F-1 to the US Securities and Exchange Commission (SEC) relating to a proposed public offering in the US of the company’s ordinary shares held by certain shareholders.

  • UMG states it “will not receive any proceeds from the sale of ordinary shares by the selling shareholders.”

  • The number of shares and their price have not been determined.

  • The offering remains subject to the completion of the SEC review process, as well as market and other conditions.

The secondary listing:

  • As per Music Business Worldwide (MBW), UMG has been trading in the Netherlands “under the ticker UMG” since September 2021.

  • A listing on the US stock exchange would be in addition to the above.

  • A request for a secondary listing on the US stock exchange was made in January by Pershing Square Holdings, led by billionaire investor Bill Ackman.

  • Ackman resigned from UMG’s board in May.

Universal Music Group (UMG) is moving ahead with plans to launch a secondary listing in the US.

The details:

  • On Monday 21 July, UMG “confidentially” submitted a draft registration statement on Form F-1 to the US Securities and Exchange Commission (SEC) relating to a proposed public offering in the US of the company’s ordinary shares held by certain shareholders.

  • UMG states it “will not receive any proceeds from the sale of ordinary shares by the selling shareholders.”

  • The number of shares and their price have not been determined.

  • The offering remains subject to the completion of the SEC review process, as well as market and other conditions.

The secondary listing:

  • As per Music Business Worldwide (MBW), UMG has been trading in the Netherlands “under the ticker UMG” since September 2021.

  • A listing on the US stock exchange would be in addition to the above.

  • A request for a secondary listing on the US stock exchange was made in January by Pershing Square Holdings, led by billionaire investor Bill Ackman.

  • Ackman resigned from UMG’s board in May.

👋 Disclosures & Transparency Block

- This story was written with information sourced from UMG's press release, with additional reporting by Music Business Worldwide.

- We covered it because it’s business news regarding one of the major labels.

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