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# WMG, Sony stock get ‘UMG bump’ as Universal soars 36% on IPO
- URL: https://www.hypebot.com/wmg-sony-stock-feel-umg-bump-as-universal-soars-36-on-ipo/
- Published: 2021-09-22T13:25:00.000Z
- Updated: 2021-09-22T13:34:08.000Z
- Description: [UPDATED] Universal Music Group soared 35.68% on Tuesday as the new stock debuted on the Euronext Amsterdam exchange. By day’s end, UMG’s valuation had grown to more than $52 billion,. Continue reading [https://www.hypebot.com/hypebot/2021/09/wmg-sony-stock-feel-umg-bump-as-universal-soars-36-on-ipo
- Author: Bruce Houghton
- Tags: Major Labels, Music Business, IPO, Sony Music Entertainment, stock market, UMG, Warner Music Group, #wp, #wp-post, #Import 2026-01-21 09:48

\[UPDATED\] Universal Music Group soared 35.68% on Tuesday as the new stock debuted on the Euronext Amsterdam exchange. By day’s end, UMG’s valuation had grown to more than $52 billion, up from an IPO valuation of $39 billion.

That made UMG the biggest European IPO in 2021 so far.

Investor love of major music companies extended to Warner Music Group whose overall valuation saw a $2 billion single-day increase. WMG stock was up 11.77% on a day when the NASDAQ where it trades was up just 0.48%.

Even Sony, whose music group is just part of a large and diverse corporation was up 3.55% on a day when the New York Stock Exchange where it trades was essentially flat up 0.10%