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Deezer to announce IPO terms on 15 October

Thursday 15 October 2015 | 09:23 CET | News
French music streaming company Deezer will announce the terms of its planned IPO on the Paris Bourse on 15 October, Reuters reports. The group said at the end of September that it intended to float by the end of the year. Deezer has 6.3 million subscribers, compared to 15 million for its rival Spotify. Its biggest shareholders are Len Blavatnik's Access Industries with 27 percent, Warner Music, Sony Music, Universal Music with 15 percent combined, and Orange with 10 percent.

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Categories: Internet
Companies: Deezer
Countries: France / World
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