Hipgnosis Songs Fund raises $215m with new share placing – as investor demand exceeds target

That figure is slightly higher than the £150 million ($210m) Hipgnosis targeted with its announcement of the share placing in June. Why? Because the raise was over-subscribed, thanks to what Hipgnosis says was “significant demand from existing and new investors”. The over-subscribed offer of new shares significantly boost warchest of acquisitive UK-listed firm.

Source: Hipgnosis Songs Fund raises $215m with new share placing – as investor demand exceeds target

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