Hipgnosis Songs Fund raises £190m for acquisitions

By Aidan Gregory
25 Sep 2020

Hipgnosis Songs Fund, the London-listed investment trust focused on music royalties, has concluded its latest share sale, raising £190m, less than its £250m original target.

At 116p a share, the share sale gave investors a 7.9% discount to the closing price of the stock on Friday, the day before the deal was announced. There was a retail offer of £3.6m through PrimaryBid, the app that allows ordinary shareholders to participate in share sales ...

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