MERCK FLOATS HIPGNOSIS SONGS

Follow @hitsdd

rumor mail

Email

First Name

Last Name

Company

Country
CAPTCHA code

Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions

		SPOTIFY Q1 PROFIT TOPS $1B; SUBS HIT 239M How Swede it is. (4/23a) Check It Out Now HITS LIST IN PLAYOFF MODE Will scoring records be broken this week? (4/23a) Check It Out Now THE COUNT: ALL THE DESERT'S A STAGE The dust settles on the Indio Polo Grounds. (4/24a) Check It Out Now ROCK HALL UNVEILS 2024 INDUCTEES Class of '24 comes alive. (4/22a) Check It Out Now TOP 20: TAYLOR TIME Is it ever. (4/24a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

Blighty Beat

MERCK FLOATS HIPGNOSIS SONGS

6/29/18

Respected manager and former Sanctuary CEO Merck Mercuriadis has proceeded with the plan to float his Hipgnosis Songs Fund on the London Stock Exchange after successfully raising £200m ($264m) from an initial investor pool. Shares will be publicly traded starting 7/11.

As SONGS, the firm is the first LSE listed pure-play music investment firm and is so far the biggest fund IPO of this year.

The cash will be used to buy a bank of songs by more than 50 artists from the past five decades. Included are “proven, evergreen songs from award-winning songwriters” and more than 10 U.S. and U.K. #1 hits. We have word that Mercuriadis has lined up £400m worth of deals in the pipeline to choose from.