Specialty music business Fluid Music Canada (TSX: FMN) wants to list its shares 
on the AIM market of the London Stock Exchange, expecting its shares to start trading in London on 14 April 2010.
Fluid Music Canada sells its background music and messaging service to its customers and its specialty music compilations through its retail partners. Fluid’s extensive music library includes over 1.8M user-generated music tracks.
The firm provides background music and sells speciality music through supermarkets and other mass market retailers. The latter business was acquired near the end of last year and is called Somerset Music.
The company has a market cap of C$89.81M. Shares in the company have climbed from C$1.40 to the current $1.71 over the past six months.
Tottenham Hotspur soccer club chairman Daniel Levy owns 3.96% of Fluid Music Canada and Paul Kemsley, a former director of Tottenham Hotspur and interviewer on The Apprentice owns the same percentage. Three of the directors of Fluid Music Canada were also directors of former AIM company Fun Technologies. That includes chief exec Lorne Abony who held the same role at Fun and was the youngest chief executive on the TSX when Fun floated in 2004. Liberty Media bought out the minority shareholders of the online games provider at the end of 2007.
Fluid Music Canada is expected to be valued at aroundC$112M when it joins AIM on 15 April. The nominated adviser and broker is Panmure Gordon.
