Digital music firm Believe books covered for IPO – bookrunner

Logo of Euronext is seen on the headquarters at La Defense business and financial district in Courbevoie near Paris
FILE PHOTO: The logo of stock market operator Euronext is seen on Euronext headquarters at La Defense business and financial district in Courbevoie near Paris, France, November 21, 2019. REUTERS/Charles Platiau

June 4, 2021

(Reuters) – Books for the initial public offering of French digital music firm Believe are fully covered, a bookrunner on the deal said on Friday.

The company is planning to list in Paris with a target valuation of 1.9 billion to 2.1 billion euros ($2.5 billion). Earlier this week it said it had reduced its public offering target to 300 million euros.

($1 = 0.8259 euros)

(Reporting by Rachel Armstrong; editing by Tom Wilson)