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     121  0 Kommentare Deezer, a leading global music streaming platform, debuts today its listing on the Euronext Paris Stock Exchange

    Paris (ots/PRNewswire) - Completion of the merger of Deezer with and into I2PO

    I2PO is renamed and becomes Deezer

    Deezer (ISIN: FR001400AYG6) - (Mnemonic: DEEZR), the second largest independent
    music streaming platform in the world1, present in over 180 countries, is today
    listing on the Professional Segment ( Compartiment Professionnel ) of the
    regulated market of Euronext Paris.

    As one of the earliest French unicorns and member of France's Next40 index,
    Deezer is a pioneer of innovation in the music streaming industry. It has
    developed a scalable and differentiated global platform, supported by its
    state-of-the-art product and successful hybrid B2B/B2C business model. Through
    its business combination with I2PO and subsequent listing on Euronext Paris,
    Deezer intends to continue to grow, directing its efforts towards large
    attractive markets through its partnership-first strategy and focusing on
    product innovation and brand differentiation as the home of music, connecting
    fans and artists around the world.

    With this transaction, Deezer received EUR143 million of new money, coming from
    the cash held by I2PO and from the cash raised through a PIPE, which was
    subscribed by most of the existing shareholders of Deezer, including Access
    Industries, UMG, Warner Music, Orange, Kingdom Holding, Eurazeo and Xavier Niel,
    as well as a selected group of long-term French and international investors,
    including Groupe Artémis, Bpifrance, and Média Participations. These funds will
    allow it to fund its next stage of growth.

    Jeronimo Folgueira, Chief Executive Officer of Deezer declared : "Deezer's IPO
    on Euronext Paris is a milestone in the company's history. We are now taking the
    first steps on a new and exciting journey to develop, expand and capture an even
    bigger part of the growing music streaming market. Through merging with I2PO and
    going public, we have created a solid foundation to execute our strategic plan,
    with the right capital, expertise, and network. With a highly competitive
    product, a clear strategy, and a renewed and experienced management team, we
    will make the most of this opportunity to create substantial shareholder value.
    We are honored to join the Euronext Tech Leaders segment and to be ranked among
    the greatest tech companies in Europe."

    Guillaume d'Hauteville, Chairman of the Board of Directors of Deezer declared :
    "Today's IPO will not only bring additional capital to fund Deezer's development
    but also allow for shareholders not operating in private markets to support and
    invest alongside current shareholders. With those additional financial
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    Deezer, a leading global music streaming platform, debuts today its listing on the Euronext Paris Stock Exchange Completion of the merger of Deezer with and into I2PO I2PO is renamed and becomes Deezer Deezer (ISIN: FR001400AYG6) - (Mnemonic: DEEZR), the second largest independent music streaming platform in the world1, present in over 180 countries, is today …