Update: Music trust Hipgnosis Songs delays IPO for second time

To allow for completion of due diligence

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

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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