Warner Music strikes a chord in $1.9 billion U.S. IPO
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(Reuters) - Warner Music Group Corp said on Wednesday it raised $1.93 billion (£1.53 billion) in the biggest U.S. initial public offering (IPO) so far in 2020, with the world's third-largest recording label selling more shares than originally planned.The deal marks a further sign of recovery for the U.S. IPO market, which was hampered in March by plunging stock prices caused by the COVID-19 pandemic. "We concluded that there was sufficient market momentum. Without ever trying to time the..