Business News Digital

Digital music set-up ROXi Music announces IPO plans

By | Published on Monday 15 July 2019

ROXi Music, the London-based digital music company that grew out of that Electric Jukebox, has announced plans to float on the London Stock Exchange’s AIM market. And why not? Sounds like fun. Float away, say I! Except we tend to say “IPO” these days, don’t we? So, to be precise, I should say that ROXi Music is IPOing on the London Stock Exchange’s AIM market. I prefer the days when we floated.

“ROXi Music’s unique music entertainment console is a hit with consumers”, reckons the firm’s Rob Lewis, “offering a wide range of fun music entertainment from our own fully licensed unlimited music catalogue of over 35 million songs, to karaoke, and from music games, to audio visual experiences for yoga and meditation, all at an exceptionally low price”.

Bigging up the firm’s British credentials and global ambitions, Lewis goes on: “As the sole UK company offering full catalogue music streaming services, an IPO on AIM will enable ROXi Music to scale up the business and take our successful product international, ensuring the UK’s place in the next stage of the digital music revolution”.

ROXi Music is a TV-set-centric streaming music service that, it says, appeals to a different more mainstream, family-orientated market than the more conventional digital music services. The stockbrokers at Arden Partners will lead on the stock market listing.