Hipgnosis migrates to premium listing on London Stock Exchange

Hipgnosis migrates to premium listing on London Stock Exchange

Hipgnosis Songs Fund was welcomed to the London Stock Exchange to celebrate its successful admission to the Premium Segment of the Official List.

The move follows the completion of four equity fundraises since its launch in June 2018.

Founded by Nile Rodgers' manager Merck Mercuriadis, Hipgnosis allows investors to benefit from all the revenue streams that songs deliver. 

Mercuriadis said: “Nile Rodgers and I are honoured to be have been invited back to the London Stock Exchange to celebrate Hipgnosis’ continuing success as a listed fund, and its migration to the Premium Segment. I started Hipgnosis to give the investment community access to the predictable and reliable revenues generated by proven songs.

"Proven songs are the currency on which the music industry trades and I’m delighted they now have an opportunity to provide excellent returns for our investors. It has never been more important for investors to have uncorrelated opportunities and it’s exciting to have established songs as an asset class that is comparable to gold and oil."

The company has raised more than £625 million of equity capital since its IPO and has acquired songs performed by global artists including Journey,  Eurythmics, Shaun Mendes, Camilla Cabello, Maroon 5, Jess Glynne, One Direction, Mick Jagger, Tom Petty & The Heartbreakers, Chic, Sister Sledge, Diana Ross, Beyoncé, Rihanna, Justin Bieber, The Chainsmokers, Mariah Carey, Mary J Blige, No Doubt, Gwen Stefani, Sia, David Guetta, Michael Jackson and Santana.

"I am very grateful for all the support from our shareholders who have backed us with over £625 million raised in the 16 months since launch," added Mercuriadis. "We have acquired some of the most culturally important songs of all time and lined up the finest available song catalogues for deploying the capital raised over the summer."

For more stories like this, and to keep up to date with all our market leading news, features and analysis, sign up to receive our daily Morning Briefing newsletter

subscribe link free-trial link

follow us...