Markets are rebounding and the U.S. economy is starting to open back up — conditions that may inspire WMG's owner to cash in on Wall Street.
Since early March, when the Warner Music Group decided to delay the initial public offering it had announced the month before, it had seemed as if the company's plans to go public could be derailed by the COVID-19 pandemic that shut down economies around the world and plunged asset pricing in most capital markets.
But now, it seems WMG is forging ahead with its plans to become a publicly-traded company. On May 7, when Warner issued its financials for its fiscal second quarter, the company also filed an amended S-1, saying that its listing had been accepted by NASDAQ.