Universal Music Group Is Going Public, But Don’t Call It an IPO

The term IPO, short for initial public offering, is often used generically to describe a private company transitioning into a public company by listing on the New York Stock Exchange, Nasdaq or another stock exchange. But in the case of Universal Music Group (UMG) and parent company Vivendi, technically speaking, “IPO” isn’t the correct term for its planned listing on the Amsterdam Euronext exchange in late 2021.
The most accurate wording is that Vivendi will spi