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How to buy Believe Société anonyme (BLV) stocks in Canada

Learn how to easily invest in Believe Société anonyme stocks.

France-based music label company, Believe, has gone public on the Euronext Paris stock exchange. Investors in Canada can buy Believe stock with an international stock trading account.

Note: All dollar amounts on this page are in US dollars unless otherwise stated.

What we know about the Believe IPO

On June 10, 2021, Believe Distribution Services went public on the Euronext Paris stock exchange under the name “Believe Société anonyme.” The stock ticker symbol is “BLV.” Stocks opened at a price of €18.40 (approx. CAD$27), which was a little lower than the anticipated stock price of €19.50.

Altogether, the IPO raised €300 million (approx. CAD$440.5 million). Believe has a market valuation of around €1.67 billion, or around CAD$2.4 billion.

In total, 15,384,616 stocks were issued. A little over 3 million of these were allotted for the The Fonds Stratégique de Participations (FSP), which translates to “The Strategic Investment Fund.” The FSP is a French organization that supports the national economy by investing in some of the most successful companies listed on the Société des Bourses Françaises, a French equity index.

Citi, J.P. Morgan and Société Générale were the Joint Global Coordinators and Joint Bookrunners of the deal. BNP Paribas, Goldman Sachs, HSBC and UBS were Joint Bookrunners.

What is an initial public offering (IPO)?

Can I buy Believe stock from Canada?

You can’t buy Believe stock on a Canadian stock exchange like the TSX or CSE. Instead, you need a Canadian broker that provides access to stocks sold on the Euronext Paris exchange (EPA). However, some Canadian brokerages don’t offer access to international investments at all or only provide access to a limited range of investment opportunities.

The process of buying stocks listed on international exchanges is basically the same as buying stocks in a Canadian company. You buy and sell using your online trading account or through an investment broker who handles international stocks.

How to buy Conduit Holdings stock

You need an international brokerage account to invest in Conduit Holdings. Here’s how it works:

  1. Compare stock trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Believe Société anonyme. Find the stock by name or ticker symbol: BLV.PA. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Believe reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. your budget against a diversified portfolio that can minimize risk through the market’s ups and downs. You may be able to buy a fractional share of Believe, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Believe Société anonyme! Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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