Universal Music Group (UMG), the world’s largest music company and home to Taylor Swift, Drake, Lady Gaga, and other global superstars, has taken a step toward listing its shares in the United States.
UMG, already traded on the Euronext Amsterdam exchange with a market value of nearly €50 billion ($58.5 billion), confirmed that it has filed a confidential statement with the U.S. Securities and Exchange Commission (SEC). The size and timing of the potential offering remain undisclosed as the company gauges regulatory approval and investor interest.
The music powerhouse’s star roster also includes Billie Eilish, Ariana Grande, and Harry Styles, as well as legendary labels such as Motown Records, Capitol Music Group, and Republic Records.
Billionaire investor Bill Ackman, whose Pershing Square fund is one of UMG’s largest shareholders, has long argued that a U.S. listing could significantly increase the company’s valuation and improve trading liquidity.
The move comes as U.S. stock markets hit record highs, with the S&P 500 and Nasdaq Composite closing at new peaks amid easing concerns over President Donald Trump’s tariff policies.
UMG, which recently settled a royalties dispute with TikTok that temporarily muted its catalog on the social platform, continues to dominate the global music industry with a deep portfolio of artists and iconic labels.
