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Universal Music Group Shares Will Be Dual-Listed on U.S. Exchange in 2025
Universal Music Group shares will be dual-listed on a U.S. exchange in 2025 as Pershing Square sells some of its stake for a U.S. listing.
UMG, “in line with its contractual obligations,” will use “commercially reasonable efforts to launch an underwritten offering for the sale of certain shares owned by Pershing by September 15, 2025,” according to the company’s statement. Pershing Square quickly sought approval to delist its own stock from the Euronext Amsterdam exchange, with its request granted on Jan. 2; it will officially de-list on Jan. 31. “Leaving a jurisdiction that fails to protect its tourists and minority populations combine both good business and moral principles,” Ackman wrote on X at the time.
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