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HILVERSUM, Netherlands - Universal Music Group N.V. (EURONEXT:UMG), currently valued at approximately $58 billion, announced Monday it has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission for a proposed public offering in the United States. The company’s stock has shown remarkable stability, with InvestingPro data indicating a low volatility profile and a solid 11% return over the past six months.
The offering would consist of ordinary shares held by certain shareholders, with UMG not receiving any proceeds from the sale. The number of shares to be offered and the price range have not yet been determined.
The proposed offering remains subject to completion of the SEC review process and market conditions, according to the company’s press release statement.
Universal Music Group, which describes itself as the world leader in music-based entertainment, operates businesses in recorded music, music publishing, merchandising, and audiovisual content.
The company’s submission was made under Rule 135 of the Securities Act of 1933. The announcement specifies that it does not constitute an offer to sell or solicitation of an offer to buy securities, and that any eventual sales would be conducted in accordance with registration requirements of the Securities Act.
In other recent news, Universal Music Group reported a successful first quarter, surpassing sales expectations. The company’s streaming and subscription revenues increased by 9.5%, reaching 1.60 billion euros ($1.82 billion), exceeding the market’s anticipated 7% growth. This achievement aligns with the company’s five-year guidance, ahead of anticipated pricing benefits set for fiscal year 2026. Meanwhile, Universal Music Group’s planned acquisition of Downtown Music for $775 million is under scrutiny by the European Commission, with a decision expected by July 22. The merger has faced opposition from independent music labels due to competition concerns. Additionally, UBS has downgraded Universal Music Group’s stock rating from Buy to Neutral, citing that the company’s growth potential is already reflected in its share price. In leadership news, Matt Ellis has been appointed as the new Chief Financial Officer, effective June 9, bringing extensive experience from his previous role as CFO at Verizon Communications. Ellis will oversee Universal Music Group’s global financial operations, succeeding Boyd Muir, who was promoted to Chief Operating Officer.
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