By News Zier Editorial Team | Reviewed and approved by Editor-in-Chief to ensure accuracy and integrity.
New York – Billionaire investor Bill Ackman’s Pershing Square Holdings has taken the first steps to initiate a U.S. listing for Universal Music Group (UMG), one of the world’s leading music companies. The move comes as UMG continues to dominate the global music market, with major artists like Taylor Swift, Billie Eilish, and Drake under its label.
According to sources familiar with the matter, Ackman’s investment fund is preparing the groundwork for Universal Music Group’s debut on a U.S. stock exchange. The listing would mark a significant milestone for UMG, which has already been publicly traded in Europe since 2021.
“We believe Universal Music Group is uniquely positioned to capitalize on the growth of the global music streaming market,” Ackman said in a statement. “This listing would provide U.S. investors with the opportunity to directly participate in that growth.”
Why It Matters:
Universal Music Group, headquartered in the Netherlands, is currently listed on Amsterdam’s Euronext exchange. By securing a U.S. listing, the company could attract a broader investor base, enhance liquidity, and increase its valuation.
The global music industry has seen explosive growth over the past decade, driven by the rise of streaming platforms such as Spotify, Apple Music, and Amazon Music. Universal Music has been at the forefront of this boom, capturing a significant share of the market.
What’s Next?
While details of the listing plan remain limited, analysts believe the move could happen as early as 2025, depending on regulatory approvals and market conditions. U.S. investors have long been eager for direct exposure to UMG’s business, which has consistently delivered strong financial results.
The timing of this listing is particularly noteworthy as global markets continue to show resilience despite recent economic challenges. For Ackman, this is yet another bold move in a career defined by high-stakes investments.
Investor Reactions:
The news has generated buzz among market watchers, with some expressing optimism about the potential valuation uplift for UMG. Others, however, caution that the move could face hurdles, including compliance with U.S. regulatory requirements.
“A U.S. listing would solidify Universal Music’s position as a global leader in the music industry,” noted a senior analyst. “It’s a natural step for a company of its size and influence.”
Disclaimer: This article was informed by reports from The Wall Street Journal and adapted by News Zier Editorial Team for clarity and additional context.
For more details: Visit the original report on The Wall Street Journal.
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