On Monday, digital music company Believe stated it plans to come out with a stock market listing in Paris with an aim to raise around $608 million (500 million euros) so as to finance its expansion.

Believe’s digital music brands,  Believe Distribution Services, TuneCore, Groove Attack, Nuclear Blast, Naïve, and AllPoints, compete in a sector dominated by the likes of Apple Music, Spotify and Amazon.com

($1 = 0.8226 euros)