Listing puts record label’s British-born boss in line for one of biggest corporate payouts in history‘Ruthless but good ears’: key architect of
music industry revivalUMG chief predicts billions of dollars of growth from digitalUniversal Music Group’s shares surged by more than a third in its stock market debut on Tuesday, putting its chairman and chief executive, Sir Lucian Grainge, in line for a potential bonus of almost $150m (£110m).
Shares in the world’s largest music company, the label behind artists including
Taylor Swift and Bob Dylan, rose more than 35% to €25 a share in early trading, giving the business a market value of more than €45bn (£38bn).