Warner Music leads New York float revival

Warner Music will on Wednesday become the first big company to list in New York since the coronavirus pandemic struck, kickstarting a revival in stock market floats. The company - one of the world's big three recorded music groups - is set to price its shares at the upper end of the $23 to $26 range. A total of 70m shares will be sold when Warner goes public on Nasdaq, equal to about 14pc of the company. The fundraising will net some $1.8bn and value Warner at about $13bn (£10.2bn). It is