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EquityEquity - Follow-ons and Rights issues

Hipgnosis mulls new share sale after acquiring Cher hits


Hipgnosis Songs Fund Ltd, the London-listed fund that invests in music royalties, is considering another equity capital raising to finance its investment pipeline, only four months after it last raised £231m ($297.45m). In January, the fund acquired an extensive song catalogue, including 'Believe' by Cher.

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