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Warner Music Group IPO Delayed

March 7, 2020 admin Comments Off on Warner Music Group IPO Delayed

The Warner Music Group IPO is highly anticipated by investors. It’s the world’s third-largest music recording label and estimated to bring in $1 billion in its public debut.
But now the company has put the IPO on delay. Warner Music hasn’t publicly announced it and declined to provide any comments to news sources. Here’s what we know…
Warner Music Group IPO Summary

Warner Music filed a Form S-1 with the Securities and Exchange Commission. Unlike many 2019 IPOs, Warner Music is a profitable company, and its profits have increased year over year. While the company faces rising industry costs, its increase in revenue …read more […]

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Senior Saudi Arabian Princes Detained and Accused of Treason

March 7, 2020 admin Comments Off on Senior Saudi Arabian Princes Detained and Accused of Treason

(Bloomberg) — Saudi Arabian authorities detained a brother and a nephew of Saudi King Salman Bin Abdulaziz Al Saud on accusations of treason, according to a person familiar with the matter — in another of a series of crackdowns on royal relatives by Crown Prince Mohammed bin Salman, the heir to the throne.Former Crown Prince Mohammed bin Nayef, who was previously in line to be king before being sidelined, and Prince Ahmed bin Abdulaziz Al Saud — a brother of the current king — were arrested on Friday, the person familiar with the matter said. Mohammed bin Nayef’s brother, Nawaf, …read more […]

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Aramco Share Price to Face Renewed Test as Oil Slumps

March 7, 2020 admin Comments Off on Aramco Share Price to Face Renewed Test as Oil Slumps

(Bloomberg) — Saudi Aramco’s stock risks dropping below the initial public offering price on Sunday when trading resumes in Riyadh after OPEC+ talks ended in failure and oil prices collapsed.Shares in the world’s biggest oil producer have largely defied gravity since they were listed in December, not falling below the initial public offering price of 32 riyals ($8.53) even as the coronavirus led to a 30% slump in crude prices since the start of the year. Aramco’s stock has only slipped about 6% in 2020 to close at 33 riyals on Thursday, the last trading day of the week. The …read more […]