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To accomplish the float, Deezer, a competitor to Spotify, is merging with a SPAC, and is being backed by a number of prominent figures in French business and finance.
April 21, 2022 at 06:47 AM
3 minute read
Initial Public Offerings
Jones Day, Allen & Overy and French firm Racine are helping orchestrate a private equity-backed deal that will bring a fast-growing French music streaming service to the public markets at an estimated value of over €1 billion.
Deezer, a competitor to Spotify and other online music services founded in 2007, is merging with I2PO, a special purpose acquisition company (SPAC) backed by a number of prominent figures in French business and finance, including the Pinault retailing fortune.
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