French music streaming platform Deezer on Monday announced plans for a stock market listing in Paris in a deal valuing the business at just over 1 billion euros ($1.08 billion), the company said in a statement with a Special Purpose Acquisition Company (SPAC) 12PO. The transaction will value Deezer at a pre-money equity value of 1.05 billion euros, corresponding to an enterprise value of approximately 1.08 billion euros, Deezer said.
"Deezer is poised to continue to capture a significant share in the booming music streaming growth", Iris Knobloch, the chairwoman of the SPAC, said in a statement.
