Royalty Flow has launched its IPO. The company, a subsidiary of Royalty Exchange, is looking to raise between $11 million and $50 million via a Regulation A+ crowdfunding effort that, if successful, will result in the purchase of a portion of the income stream derived from Eminem's music.
As previously reported, Royalty Flow has the option to buy either 15 percent or 25 percent of an Eminem income stream based on royalties paid to FBT Productions from the artist’s studio albums released between 1999 and 2013. That includes albums such as The Marshall Mathers LP and The Eminem Show.
The plan is to give fans and investors a way to share in the income from the royalties through dividends paid by the company. The minimum investment during the IPO is $2,250 for 300 shares (at $7.50 a share). After the equity campaign is over, Royalty Flow intends to list directly to NASDAQ and give latecomers a chance to invest in Royalty Flow stock through the public exchange.