Having originally announced last week that it was looking to raise £200m ($249m) via the share sale, Hipgnosis was oversubscribed, and has confirmed today (July 10) that the C share placing actually ended up creating gross proceeds of £236.4m ($299m). That qualifies as Hipgnosis’ biggest equity raise to date.
Source: Hipgnosis has another $300m to spend on songs, thanks to its biggest fundraise yet