Disbelief in Believe in market debut
10/06/2021 08:21
** Shares in French digital music company Believe BLV.PA
fall 9% versus the IPO price of EUR 19.5/shr in its market debut
on Euronext Paris on Thursday
** Believe, which is behind best-selling artists in France
such as rapper Jul, is looking to expand globally and into new
areas such as classical music
** The company decided to price its IPO at the bottom of the
indicated price range of 19.50 to 22.50 euros amid a mixed
reception for market debuts in Paris this year urn:newsml:reuters.com:*:nFWN2NR133
** On June 2, French car parts group PHE called off its IPO
urn:newsml:reuters.com:*:nL5N2NK4EW
** Second hand car group Aramis, majority-owned by
Stellantis STLA.MI , is due to debut on the same exchange on
June 18
((pawel.goraj@tr.com))