Investec issues 'buy' recommendation for Hipgnosis after 'transformational' year
Positive on future of sector
Investec marks Hipgnosis a 'buy'
Investec has initiated a ‘buy’ recommendation on the Hipgnosis Songs fund, which has grown from £202m at IPO in July 2018 to a market cap of over £1.2bn.
In a note on the fund, Investec said 2020 has been "a transformational year" as Hipgnosis raised £420m in two separate fundraisings in August and September. "In recent years, the growth in paid music...
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