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6/3, 6:04 PM (Source: TeleTrader)
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Warner Music begins trading at $27 per share

The largest Initial Public Offering (IPO) of 2020, Warner Music Group Corp., began trading on Wednesday at $27 per share. The pricing of the IPO of its stock was set at $25 per share earlier in the day.

Warner Music is one of the biggest recording companies in the global music industry, third-largest after Universal Music Group and Sony Music Entertainment.

The company's stocks jumped by 15.48% to sell for $28.87 per share at 12:07 pm ET.

Breaking the News / ND