Music-streaming service with 6.3m subscribers could be valued at €1bn in upcoming Paris IPO Music-streaming service Deezer is planning to drift on the Paris stock exchange by the end of the year in an attempt to support up with larger,deeper-pocketed rivals such as Apple and Sweden’s Spotify.
The company, founded in 2007 in Paris, and has 6.3 million subscribers who can listen to a catalogue of 35m songs for a monthly fee of €9.99 (£7.20).
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Source: theguardian.com