Jem Aswad Senior Music EditorRound Hill’s new royalty fund has announced it expects to IPO on the London Stock Exchange on Friday and has raised $282 million ahead of the flotation, well short of the $375 million goal the company announced last month, according to a report in Music Business Worldwide.A rep for the company declined Variety’s request for comment as it is a U.K.
listing and the U.S. is a jurisdiction “in which the publication, distribution or release of this announcement would be unlawful.”According to an announcement last month, the fund intends to purchase a portfolio of 120,000 songs from 40 catalogs by artists including the Beatles, Celine Dion and the Rolling Stones.
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