This time should be the right one.
Seven years after a first IPO attempt was aborted due to unfavorable market conditions, Deezer, the French music streaming platform, finally arrives on the Paris Stock Exchange this Tuesday, July 5.
And this, thanks to the merger with a SPAC, I2PO, this special vehicle created by the Pinault family, Combat, the group of Matthieu Pigasse and Iris Knobloch, the former boss of Warner Bros France.
In July 2021, this SPAC raised 275 million euros on the stock market and last April chose Deezer as its ideal target.
However, 90% of SPAC investors - mostly international hedge funds - have decided to withdraw their money from this stock market vehicle.
There are therefore only 23 million euros left in cash, including the 15 million invested by Artémis, the holding company of the Pinault family.
The shareholders of I2PO will therefore own 8.4% of the capital of Deezer.
In fact, the overwhelming majority of the 143 million fresh money raised by Deezer…
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