Universal Music Group has confidentially filed for a US stock listing to meet an agreement with hedge fund Pershing Square, led by Bill Ackman. The move aims to boost the company’s valuation, though Universal will not receive proceeds from the sale. Ackman resigned from the board earlier this year. The company, known for artists like Taylor Swift, had resisted relocating from the Netherlands. Shareholders recently sold a stake for over 1.5 billion dollars amid these strategic changes.