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March 11, 2005
Warner Music to raise $750 million in IPO
Posted by Dominic Basulto
On late Friday afternoon, Warner Music filed with the SEC for a $750 million IPO. Details are still being worked out: "In its SEC statement, the company did not estimate how many shares or at what price it planned to offer its stock..." In addition, the company isn't even sure whether it will list its shares on the New York Stock Exchange or on the Nasdaq." Since Goldman Sachs and Morgan Stanley are managing the deal, we trust that Warner Music has the matter under control.
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