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Warner IPO music to Blavatnik’s ears

Home entertainment stocks have been hitting all the right notes for investors. With millions stuck indoors and in need of diversion, streaming services such as Netflix and Spotify and video game maker Nintendo have all seen a surge.

Warner Music Group is looking to ride the wave. The music company behind Cardi B, Ed Sheeran and Bruno Mars, is pressing ahead with plans to raise as much as $US1.82 billion ($2.7 billion) in an initial public offering.

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    Original URL: https://www.afr.com/markets/equity-markets/warner-ipo-music-to-blavatnik-s-ears-20200527-p54wu9