ProSiebenSat.1 and Access Industries-backed music streaming service Deezer is set to float on the Paris stock exchange by the end of the year.
France-based music streaming platform Deezer, backed by a range of corporates, plans to float on the Paris stock exchange in the coming months at a €1bn ($1.1bn valuation).
Deezer was first reported last month to be seeking either another funding round or initial public offering at the same valuation, but decided on the later to get a head start on its rival Spotify, which secured $526m in a series G round backed by telecoms firm TeliaSonera in June 2015.
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