Hipgnosis Raises Another £231 million to Buy More Music Rights – Investors Seem Hungry
Hipgnosis is a company we have been watching closely over the years as they are trying to get investors interested again in acquiring music assets as an investment class.
Hipgnosis has just announced that they have raised another £231 million from Nplus1 Singer Advisory LLP and J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) in a C Shares offering.
It’s very interesting to see that these types of investment options are continuing to gain traction. It will be interesting to see if it remains the case over the longterm.