london stock exchange welcomes hipgnosis songs fund to the premium segment of the main market
“Hipgnosis Songs Fund was today welcomed to the London Stock Exchange to celebrate its successful admission to the Premium Segment of the Official List and on the completion of four equity fundraises since its launch in June 2018.
Founded in 2018 by Merck Mercuriadis, Hipgnosis Songs Fund was established to offer investors a pure-play exposure to songs and associated musical IP rights. Since IPO the Company has raised over £625 million of equity capital and has acquired some of the most culturally important and successful songs released over the last 50 years. This includes songs performed by globally successful artists including: Journey, Eurythmics, Shaun Mendes, Camilla Cabello, Maroon 5, Al Green, Booker T & The MG’s, Rudimental, 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.
Merck Mercuriadis commented: “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. 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. 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”.