Deezer to go public in France’s Next40 index
Deezer is valued at €1.05 BN.
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.