French conglomerate Vivendi set an €18.50 ($21.69 at the present exchange rate) reference price for Universal Music Group stock, and shares hiked as much as 43 percent past the figure out of the gate, to a high of €26.45 ($31) apiece. And while trading activity promptly cooled down UMG stock remained well above the aforementioned reference price, finishing the day at €25.10 ($29.42) per share, just beneath the €25.25 ($29.61) opening price.
Source: Universal Music Group Stock Surges On First Day of Public Trading