The Paris-based digital music company Believe is preparing for a potential 2021 IPO listing in Paris or New York, seeking a valuation of around 2 billion euros ($2.4 billion).
Here's what we know — and how to buy in when the stock goes public.
If the IPO takes place in New York, you'll need a broker. If it takes place in Paris, however, you'll need an international trading account.
Believe, which is also known as Believe Music, Believe Digital and Believe Distribution Services, provides digital music to streaming services like Spotify and Apple Music.
Back in 2017, Sony Music Entertainment had been in talks to buy the company, but no deal was ever completed.Believe has never publicly announced sales numbers, but media reports have suggested its 2019 revenues were around 700 million euros.Once Believe goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Believe stock.
See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
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