Warner Music Group Corp. Sets Pricing Of Initial Public Offering

Sets Pricing Of Initial Public Offering

WARNER MUSIC GROUP CORP. has made public the pricing of its initial public offering (IPO) of 77,000,000 shares of its Class A common stock at a public offering price of $25 per share. The size of the IPO was increased from the previously announced 70,000,000 shares of Class A common stock. 

The offering consists entirely of secondary shares to be sold by ACCESS INDUSTRIES, LLC and certain related selling stockholders. 

The shares of Class A common stock are expected to begin trading on The NASDAQ STOCK MARKET on JUNE 3rd under the ticker symbol “WMG”. The underwriters will have a 30-day option to purchase up to an additional 11,550,000 shares of Class A common stock from the selling stockholders. 

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