Universal Music Soared in First Week as Public Company — What’s Next?

Universal Music Group’s first week as a public company was a resounding success for former owner Vivendi — which still owns a 10% stake — and UMG’s existing shareholders, Tencent and Pershing Square Holdings.  
Last Tuesday, on UMG’s first day of trading on the Euronext Amsterdam exchange, shares soared 43% above an 18.50 euros ($21.68) reference price set ahead of the listing, likely matched to Pershing Square Holdi