French Spotify rival Deezer announces Paris IPO

Deezer SA

18/04/2022 17:00

PARIS, April 18 (Reuters) - French music streaming platform
Deezer on Monday announced plans for a stock market listing in
Paris in a deal valuing the business at just over 1 billion
euros  ($1.08 billion), the company said in a statement with a
Special Purpose Acquisition Company (SPAC) 12PO. 
   The transaction will value Deezer at a pre-money equity value
of 1.05 billion euros, corresponding to an enterprise value of
approximately 1.08 billion euros, Deezer said. 
    ($1 = 0.9273 euros)

 (Reporting by Tassilo Hummel;
Editing by Andrew Cawthorne)
 ((tassilo.hummel@thomsonreuters.com ; Twitter handle:
@tassilo_hummel;))