Steinway, the 169-year-old piano maker, will list on the New York Stock Exchange after sales spiked during the pandemic. The brand, founded by German immigrant Henry Engelhard Steinway in Manhattan, is the world's best known piano manufacturer. Steinway aims to increase sales in China, the world's biggest market, where some 400,000 pianos are sold a year compared with just 30,000 in the US. According to the Chinese Musicians' Association, 30m children take piano lessons in the country. Steinway has been owned by investment management firm Paulson and Co since 2013.

Source: Daily Mail April 16, 2022 02:52 UTC