Believe gets ready to float on Paris Euronext

By Emmanuel Legrand

Paris-based global distribution company Believe is planning to float on the Paris Euronext after its registration was approved by the French Autorité des marchés financiers (AMF). 

Believe expects to raise approximately €500 million to finance its growth strategy and fund acquisition. No timeline was given for the IPO. 

Believe – which owns indie artist distributor TuneCore, record labels Naive, All Points, Naïve and Nuclear Blast– was founded in Paris by DenisLadegaillerie in 2005. The company generated €728m in digital revenues in 2020, and €441m of consolidated revenues in the same year. 

“This IPO project would enable us to accelerate our development and continue to pursue our profitable growth trajectory while achieving our mission to help build a better, more diverse, more respectful, more transparent and fairer future for all artists," said Ladegaillerie.