Director, Mariana Enevoldsen explains how Ocorian has
supported the Guernsey-registered Hipgnosis Songs Fund
Limited in bringing an entirely new asset class to the London
Stock Exchange - some of the most commercially successful songs of
all time.
Our client
Hipgnosis Songs Fund Limited (Hipgnosis), a closed-ended
Guernsey registered investment company which was admitted to the
London Stock Exchange (LSE) in July 2018 after an initial public
offering (IPO) raising £202.2 million. Since inception,
Hipgnosis has raised over £1.05 billion from the market, with
its most recent equity raise in September 2020 grossing £190
million in just 72 hours.
Hipgnosis brought a new asset class to the LSE, offering
investors a pure-play exposure to songs and associated musical
intellectual property (IP) rights. Both Hipgnosis and its
investment adviser, The Family (Music) Limited (TFM) were founded
by Merck Mercuriadis, the former manager of hugely successful
international
