Believe Valued at $1.9B After Rocky Debut on Paris Exchange

French digital music company Believe is valued at 1.6 billion euros ($1.9 billion) after a bumpy first day of trading on the Euronext Paris stock exchange.
Despite launching an IPO while the fast-growing digital music market attracts heavy investor interest, Believe’s shares got off to a rocky start in its Paris bow. Shares opened at 18.40 euros and fell as far as 15.87 euros – 18.6% below its 19.50 euro IPO price — before closing at 16.2