Deezer to go public in France’s Next40 index

Deezer to go public in France’s Next40 index

Deezer this month announced it will be publicly listed this year, in France’s Next40 index, through a SPAC (Special Purpose Acquisition Company) merger with I2PO.

The European Deezer has 9.6 million subscribers and generated a revenue of €400 million in 2021. Deezer aims to achieve €1 billion in revenue by 2025.

As of December 31, 2021, Deezer had 4.2 million subscribers in France and 2.7 million in Brazil with latest available market shares estimated at 29% in France and 17% in Brazil.

More than half of Deezer's revenue come from France:

According to Deezer, existing shareholders include Access Industries, UMG, Warner Music, Orange, Kingdom Holdings, Eurazeo, Xavier Niel, as well as a group of French and international investors including Groupe Artémis, Bpifrance and Media Participations.

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