’s shares jumped in their stock market debut on Amsterdam’s Euronext exchange on Tuesday.
As of 9:10 a.m. Amsterdam time, the stock was trading at 25.74 euros , giving the company a market capitalization of 46.67 billion euros , after opening at 25.25 euros and going as high as 25.775 euros. Late Monday, the stock’sat 18.50 euros per share, signaling a market value of around 39 billion euros. Compared to that reference price, the stock was up 39 percent shortly after 9 a.m. local time.
With the music powerhouse’s market listing, French media company Vivendi is cashing in on a bounceback of the music sector thanks to a boom in streaming revenue. With the music unit now trading separately,Related Stories
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