His analysis was shared by different media worldwide :
Warner Music IPO “scored” despite corona crisis
Warner Music Recording Studio was set to list on stock markets last Wednesday and has represented the largest IPO of the year. Despite that, some companies are delaying their listings due to the COVID-19 pandemic. The company has increased the volume of its offered shares from $70 million to $77 million.
The issue price was $25 per share, yet the company started its trading on the Nasdaq Stock Market with a price of $27 per share. The stock price has grown over $30 at the end of its first trading day, which represents almost 20,5% price growth.