Warner Music Files for $750 Million IPO
New York – Warner Music Group Corp., one of the world’s largest record companies, on Friday disclosed plans to go public, filing with regulators to sell up to $750 million worth of common stock. In a Securities and Exchange Commission statement, the company did not estimate how many shares or at what price it planned to offer its stock in the initial public offering, but said shares will be sold by both the company and several shareholders. Proceeds from the deal will be used to repay debt and for general corporate purposes, according to the SEC document. New York-based Warner… Read more »
