Hipgnosis Songs Fund raises another $63m, taking acquisition warchest above $500m to date

Hipgnosis and its Investment Adviser, The Family (Music) Limited, has confirmed that the company has successfully raised approximately £51.1m ($62.8m) at a price of 105.5 pence per share, principally from existing shareholders. These newly snapped-up shared represent 12.4% of the firm’s Ordinary Share capital.

Source: Hipgnosis Songs Fund raises another $63m, taking acquisition warchest above $500m to date

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