Deezer files for IPO after €142m of revenues in 2014


Music streaming service Deezer is going public, with plans for an IPO by the end of this year via the Paris stock exchange.

According to the Financial Times, Deezer’s filing comes after the company generated €142m of revenues in 2014. Its CEO Hans-Holger Albrecht claimed that it expects 35% growth in 2015, rising to €750m of annual revenues by 2018 – by which point he hopes Deezer will be breaking even.
“We can really see that streaming is picking up,” Albrecht told the FT. “This is just the beginning of the curve.”

Stuart Dredge

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