Hipgnosis aims to raise £150m to buy more of ‘most influential songs of all time’

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London-listed music investor will issue 124m new shares, at a price of 121p a share

The investment firm listed on the stock market in July 2018, and has completed a series of cash calls in recent months, which it has spent on acquiring the intellectual property rights to songs by artists such as Mark Ronson and the group Blondie. It has already raised more than £500m since July 2020, when it completed itsduring 2020, and said it had benefited from an increase in streaming at a time when the pandemic closed down live music events, which pushed its annual profits to $107m.

 

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