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LiveXLive to list on Nasdaq

The music video content company, which live-streams Rock in Rio and Outside Lands, has been given the go-ahead to trade on Nasdaq's Capital Market

By IQ on 22 Feb 2018

King Bach, Rob Ellin, LiveXLive

Rob Ellin (right) with YouTuber King Bach, who joined LiveXLive as a social editor last June


Shares of common stock in live music video company LiveXLive have been approved for listing on the Nasdaq Capital Market.

Shares are expected to begin trading today (22 February) on the Capital Market, the New York stock exchange’s small-cap equity market, under the symbol LIVX.

LiveXLive chairman and CEO Rob Ellin comments: “2017 was a monumental year for LiveXLive and listing on Nasdaq is an exciting and major milestone in our evolution that we believe will expose the company to a wider audience of potential institutional investors and increase liquidity, ultimately contributing to our ability to increase shareholder value.

“Consumers demand accessible, world-class experiences and LiveXLive has built a platform for just that – a social ecosystem for music lovers around the world. Backed by an impressive management team and propelled by the incredible market opportunity, we have built a company that uniquely addresses a previously untapped market.

“Listing on Nasdaq is an exciting and major milestone in our evolution”

“We look forward to continuing to share our developing story with the investment community.”

LiveXLive, which launched in July 2015, initially positioned itself as the “ESPN of premium live music experience” with its aim of creating a 24-hour network of live music broadcasting digitally and on mobile. Last May it signed a strategic partnership with MTV to provide the broadcaster with LiveXLive’s stream of the closing night of Rock in Rio Lisbon (partnerships with Live Nation’s Outside Lands and AEG’s Hangout have followed since), and shortly after moved into ticketing with the acquisition of Wantickets following that company’s top brass’s controversial defection to Eventbrite.

It has since moved more into original content, with plans to develop a slate of “music news programming, documentaries, specials, and long- and short-form content”, and also recently launched a management division, LiveXLive Influencers, focusing on social-media stars. In September, it announced plans to acquire internet radio service Slacker Radio.

 


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