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Sept. 21, 2021, 3:44 a.m. EDT

Universal Music Group surges 37% in trading debut in Amsterdam

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    Universal Music Group N.V. (UMG)
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    Vivendi SE (VIV)
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    Warner Music Group Corp. (WMG)

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By Steve Goldstein

Universal Music Group /zigman2/quotes/229501281/delayed NL:UMG -3.20% , the music label spun out of Vivendi /zigman2/quotes/202179234/delayed FR:VIV -1.37% , surged 37% in its trading debut in Amsterdam on Tuesday. Analysts at JPMorgan had called the company a "must-own" asset and valued it at €28 per share. "We believe WMG /zigman2/quotes/218669580/composite WMG -3.10% is undervalued and that UMG warrants a premium given greater scale, track record, best in class management and better governance," the analysts said.

/zigman2/quotes/229501281/delayed
NL : Netherlands: Euronext Amsterdam
22.70
-0.75 -3.20%
Volume: 2.55M
Jan. 18, 2022 5:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€42.52 billion
Rev. per Employee
€809,322
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/zigman2/quotes/202179234/delayed
FR : France: Euronext Paris
11.85
-0.17 -1.37%
Volume: 2.90M
Jan. 18, 2022 5:35p
P/E Ratio
11.26
Dividend Yield
5.07%
Market Cap
€12.57 billion
Rev. per Employee
N/A
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/zigman2/quotes/218669580/composite
US : U.S.: Nasdaq
$ 39.02
-1.25 -3.10%
Volume: 1.29M
Jan. 18, 2022 4:00p
P/E Ratio
66.76
Dividend Yield
1.54%
Market Cap
$20.91 billion
Rev. per Employee
$898,475
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