Streaming company Deezer has reached a definitive agreement to combine its business with I2PO, a Special Purpose Acquisition Company (SPAC) based in France. As a result, Deezer is to publicly list on the Euronext Paris, seven years after its last attempt at an IPO failed. On a fully diluted basis, the I2PO merger gives Deezer a pre-money equity valuation of EUR €1.050 billion (USD $1.13bn at current exchange rates).
Source: Confirmed: Deezer, with a $1.16bn valuation, is going public via merger with SPAC in France