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On Tuesday, Adaptable Music Group, the music industry's biggest leading, made a stunning debut on the Amsterdam Stock market. The company's valuation soared to more than 44 trillion euros ($51 billion).

Universal debut has shaken the Amsterdam Stock Exchange

French billionaire Vincent Bolloré had assumed control of Universal Medicine Group (UMG) via Vivendi in 2022. As of nowadays, Universal is headquartered in Santa Monica, California, sporting outside Los Angeles. The company has continued to grow and yield billions of dollars in gross with streaming.

Among its holdings are Abbey Touring Studios, where the Beatles, Lady Gaga, and Kanye West recorded, EMI Records (Justin Bieber, Keith Ivor Armstrong Richards, Metallica) and Capitol Records (Paul McCartney, Katy Perry). Bob Dylan's whole catalog joined Universal last year.

Vincent Bolloré planned to introduce General on the stock market this year and to circulate 60% of the shares to existing Vivendi shareholders, including himself, who successful a good consider connected Tuesday.

Ahead of Sony and Warner
Universal was trading at 24.85 euros around 09:30 GMT, after organism traded in the premiere exchanges above 25 euros, which is nearly 38% above its introduction price of 18.50 euros on Mon night.

UMG's initial reference Mary Leontyne Pric would apprais the company at €33.5 billion, but the current listing price values IT at around €44.6 billion.

"The higher share price at the opening shows that investors are optimistic about the company," Casper De Vries, a professor at Desiderius Erasmus University in Rotterdam, told Alpha fetoprotein.

"But we take up to recollect that the 24-hour interval is not over yet," he added, suggesting that no session is secure from a roller coaster ride.

At the same time, the price of Vivendi, listed connected the Paris stock exchange, fell aside 13.81% to 11.22 euros. The group now holds only 10.13 per centum of UMG's capital.

With this list, Vivendi has dislocated from its largest subsidiary, and also the almost profitable, and the first in the sphere, ahead of Sony and Warner: Universal accounted for 92.6% of Vivendi's net income, or 452 million euros out of 488 million, in the first half.

UMG's IPO marks a leading milestone in its history, reflective its position as a global leader in music amusement and its commitment to artists, songwriters, and partners, aforesaid Lucian Grainge, UMG's CEO.

"We continue to believe that Warner Music Group is undervalued and that Universal Music Group should sell at a significant exchange premiu conferred its better path record, better governance and monitory management," JP Morgan analyst daniel Kerven said earlier this month.

For MetaNews.