Len Blavatnik Gets $6.6 Billion Richer on Warner Music IPO – Bloomberg
From www.bloomberg.com
2020-06-03 07:00:00
Excerpt:
Len Blavatnik bought Warner Music Group Corp. for $3.3 billion in 2011, as the global music industry was grappling with plummeting record sales and a transition to digital listening dominated by piracy.
He took the company public Wednesday with the stock pricing at $25. The shares surged 20% to close at $30.12, giving Warner Music a market value of $15.6 billion after its first day of trading.
