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    DEEZR   FR001400AYG6

DEEZER

(DEEZR)
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Real-time Euronext Paris  -  11:35 2022-08-12 am EDT
4.550 EUR   +0.11%
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France's Spotify rival Deezer loses ground on its stock market debut

07/05/2022 | 03:53am EDT
Deezer starts trading on the Euronext stock exchange

PARIS (Reuters) - Shares in French music streaming platform Deezer fell 6% on their Paris market debut on Tuesday.

Deezer opened at 8.50 euros, before heading down, trading at 7.99 euros per share by 0707 GMT.

In April, Deezer announced plans for a stock market listing in Paris in a deal valuing the business at just over 1 billion euros ($1 billion), with a Special Purpose Acquisition Company (SPAC) 12PO set up for the deal.

In 2015, Deezer had to postpone initial IPO plans due to market conditions.

Deezer's larger rivals include Spotify, which carried out its initial public offering in 2018.

($1 = 0.9600 euros)

 

(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)


© Reuters 2022
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Financials
Sales 2022 455 M 466 M 466 M
Net income 2022 -104 M -107 M -107 M
Net cash 2022 20,0 M 20,5 M 20,5 M
P/E ratio 2022 -5,99x
Yield 2022 -
Capitalization 514 M 527 M 527 M
EV / Sales 2022 1,09x
EV / Sales 2023 1,01x
Nbr of Employees 561
Free-Float -
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Managers and Directors
Jeronimo Federico Folgueira Sanchez Chief Executive Officer & Director
Stéphane Rougeot Chief Financial Officer & Deputy CEO
Guillaume d'Hauteville Chairman
Matthieu Gorvan Chief Technology Officer
Gitte Bendzulla Chief Operations Officer