€39 billion

stock market flotation by Lady Gaga and Rolling Stones’ music label

Vivendi’s Universal Music Group, the world’s largest music company whose artists include Lady Gaga and the Rolling Stones, published its prospectus yesterday before a 33 billion euro ($39 billion) stock market flotation next week.

Universal’s listing, which will complete its separation from Vivendi, involves the distribution of 60% of its shares to Vivendi’s shareholders, including top investor Vincent Bollore. Universal’s shares will start trading on Euronext’s Amsterdam stock exchange on Sept. 21, with a technical reference price for shares expected on Sept. 20, the music group said.