Update: Music trust Hipgnosis Songs delays IPO for second time

To allow for completion of due diligence

Mike Sheen
Founder Merck Mercuriadis (right) pictured with musician Nile Rodgers

Founder Merck Mercuriadis (right) pictured with musician Nile Rodgers

The Hipgnosis Songs fund, a specialist investment company investing in songs and musical intellectual property rights, has delayed its plans for a £200m initial public offering for a second time, now expected on the 12 September.

The trust was scheduled to be listed on the LSE Main Market on 10 July, but this had been postponed until 1 August to "enable an additional cornerstone investor to finalise due diligence". In an update,...

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