Warner Music to start trading Wednesday at $25 per share, to raise $1.9 bln

Warner Music said its stock would start trading Wednesday at $25 per share and raise more than $1.9 billion in…

Warner Music said its stock would start trading Wednesday at $25 per share and raise more than $1.9 billion in its hotly awaited IPO.

The recording company increased the size of the deal to 77 million shares from the 70 million it had announced initially.

Access Industries, a group of investors headed by billionaire Len Blavatnik, which acquired Warner Music for $3.3 billion in 2011, will retain its majority stake.