2020 pandemic Hollywood Coronavirus

An Entertainment IPO Boom Ahead? "There Is Good Logic"

Reading now: 753
www.hollywoodreporter.com

As Hollywood plots to restart film and TV production amid the novel coronavirus pandemic, the entertainment industry may be in for a wave of initial public offerings.

On June 3, Warner Music Group helped breathe life into the U.S. IPO market with the biggest debut of the year. The stock finished its first day above $30, more than 20 percent beyond its $25 IPO price, which had valued the company at $12.75 billion.

The music major, which had filed for its stock listing in February but then delayed it, went ahead amid a market rebound and easing COVID-19 lockdowns.

That could help pave the way for more sector IPOs, particularly in streaming video, including from foreign companies seeking to tap the U.S.

Read more on hollywoodreporter.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA