The rally in the UK company’s share price, on the London Stock Exchange, followed two bits of big news from the firm last week: (i) The announcement that it’s looking to raise £200m ($249m) via the sale of a new tranche of class C Shares; and (b) The release of its annual report for FY2020, which showed Hipgnosis having generated some $81m in revenues in the 12 months to end of March.
Source: Hipgnosis market cap tops $900m as share price hits all time high