Warner Music to raise $1.82 billion through Nasdaq

By Rahul Vaimal, Associate Editor
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The world’s third-largest music recording label, Warner Music Group anticipates raising up to $1.82 billion in its initial public offering on the Nasdaq stock exchange.

The recording label, which has artists like Cardi B, Ed Sheeran and Bruno Mars in its roster expect its offering of 70 million shares to be priced between $23 and $26 per share, valuing the firm at about $13.26 billion.

Set out to be one of the year’s bigger IPOs, Warner Music’s Nasdaq debut has been delayed since March.