The world’s largest music company, which trades on the pan-European Euronext stock market in Amsterdam, plans to list shares in the U.S. later this year.
The form UMG submitted to the agency on Monday (July 21) puts it on track to list certain Pershing shares on a U.S. exchange by its Sept. 15 deadline.
The billionaire investor told the board he would step down due to new obligations stemming from his company's other investments.
The sale on the Euronext Amsterdam exchange is separate from Pershing Square’s plan to force a listing on a U.S. exchange.
After board member Bill Ackman called on the company to list on a U.S. stock exchange last week, Billboard asked financial experts how that could change the company's worth.
