Warner Music Shares Surge in Market Debut

Shares of Warner Music Group Corp. climbed sharply following the third-largest music label’s trading debut on Wednesday, a stock sale that marked the biggest U.S. initial public offering of the year so far. The strong debut signals investors’ heightened confidence in the IPO market following a chill because of the coronavirus pandemic. It also shows the strength of the resurgent music industry. After years of declining sales, the industry’s fortunes have flipped, lifted by the growing popularity of streaming services like…

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