By Luís Daniel Rijo in Audio News — Apr 24, 2022

Deezer to go public in France’s Next40 index

Deezer is valued at €1.05 BN.

Deezer

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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