Warner Music’s upsized IPO raises $1.9 billion in biggest U.S. listing this year
(Reuters) – Warner Music Group Corp WMG.O, the world’s third-largest recording label, said on Wednesday it sold more shares than earlier planned to raise $1.93 billion in the biggest U.S. listing so far in 2020.
The headquarters of Warner Music Group is pictured in Burbank, California August 5, 2008. REUTERS/Fred Prouser
Warner, which has been home to music legends including Pink Floyd, Prince and David Bowie, planned to price the IPO on Tuesday, but postponed it by a day to mark #BlackOutTuesday, a social media event to show support for racial justice.
The company increased the offering…