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Vivendi board set to meet today to discuss Universal IPO

By | Published on Thursday 17 May 2018

Universal Music

The board of Universal Music’s parent company Vivendi is reportedly set to meet today to discuss the possibility of floating a portion of the major label on the stock market, reports the FT.

Speculation about a Universal IPO has appeared at various points in the past, but has been particularly circulating for the last year, since Vivendi execs started talking up a $23.5 billion valuation for the major music firm.

At the company’s AGM last month, Vivendi CEO Arnaud de Puyfontaine confirmed that a formal proposal to launch a Universal IPO was being put together. Today’s meeting is seemingly the first step towards reaching an actual decision.