Napster is to make its debut on the London stock market later this month, marking the first time the music streaming pioneer has had its own public listing in a chequered 22-year history.

Napster, which will start trading on the Alternative Investment Market from 26 February, is listing in London as a result of the company’s $70m (£53m) reverse takeover by a British music tech startup last summer.

MelodyVR, which films and streams gigs fans watch with virtual reality headsets, said on Monday that it is raising up to £10m to fund the expansion of the streaming business, and plans to rebrand as Napster after the company’s general meeting later this