10 Jul 2020

How Many Songs Could a $250 Million Share Placement Buy?


While many U.K. companies have tapped equity markets to shore up their finances in the midst of the coronavirus pandemic, one of the latest share placements is instead aimed at bolstering a stable of pop hits. Merck Mercuriadis, chief executive officer of Hipgnosis, an investment trust that owns rights to hit songs like “Uptown Funk” and “Shape of You”, speaks on “Bloomberg Markets: European Open” about plans to raise as much as $250 million to fund new acquisitions.