With IPO, Warner Music Offers an Enticing Backstage Pass to Potential Investors

Until UMG follows suit, WMG will be investors’ only one-stop shop to invest in the streaming-boosted recorded music and publishing sectors. Having commenced the IPO process, Warner Music Group could borrow a few lines from Michael Bublé, one of its top artists, for final touches on its song to investors: "I promise you, kid, to give so much more than I get." Warner is hoping to get $23 to $26 per share in return for a unique opportunity to invest in the third-largest company in a music business with double-digit growth. Before long, Wall Street will determine if Warner has the right product and price for a Hot Shot Debut on the Nasdaq stock exchange. In selling 14% of outstanding shares,...