Losing faith: French music firm Believe lowers fundraising target for IPO
French music firm Believe, which helps artists get discovered on streaming platforms such as Spotify, has trimmed down its fundraising hopes ahead of a stock market float this month.
The startup today said it planned to raise 300m (£258m) when it lists on the Euronext Paris exchange below the 500m initially planned.
Read more: Record label Believe follows Universal with 2bn listing plan
The price range was set at between 19.50 and 22.50 per share, and the initial public offering is expected to give…
