Hipgnosis Songs Fund Ltd raises £231m to acquire more catalogues
Hipgnosis Songs Fund Ltd, the London-listed fund that invests in music catalogues, has concluded its share sale, which the company announced last month to finance the acquisition of new song rights.
JP Morgan and N+1 Singer were bookrunners on the placing, which consisted of 231m new shares at a fixed offer price of 100p a share, raising £231m.
The final amount raised is below the maximum £300m target outlined when the deal was launched in late September....
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org