It was supposed to be one of the music business’s stories of the year: French Spotify rival Deezer floating onto the Paris stock exchange by the end of October. But now, just three days ahead of its deadline to do so and raise €300m-€400m ($330m – $414m) Deezer has pulled out. The company says it’s postponing its IPO due to tough “market conditions”.
Source: Deezer scraps IPO that could have raised $400m – here’s 5 reasons why – Music Business Worldwide