Warner Music stock gains more than 20% on its first trading day

Warner Music Shares

“Shares of Warner Music Group Corp. climbed sharply following the third-largest music label’s trading debut on Wednesday, a stock sale that marked the biggest U.S. initial public offering of the year so far.

The strong debut signals investors’ heightened confidence in the IPO market following a chill because of the coronavirus pandemic. It also shows the strength of the resurgent music industry. “

Source: https://www.wsj.com/articles/warner-music-shares-surge-in-market-debut-11591202936?mod=markets_lead_pos4

Warner Music Group Corp. (WMG) stock

The Warner Music Group Corp. (WMG) stock on its market debut closed at 30.12+5.12 (+20.48%).

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