News Formal

French music streaming service Deezer flops at stock market debut

  • 📰 malaymail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

PARIS, July 5 — Seven years after its aborted flotation, French music streaming platform Deezer, a rival to US giant Spotify, failed to attract much investor interest at its...

PARIS, July 5 — Seven years after its aborted flotation, French music streaming platform Deezer, a rival to US giant Spotify, failed to attract much investor interest at its stock market debut today, when shares slumped heavily in early trading.

At 0745 GMT, Deezer’s shares were showing a loss of 13.5 per cent at 7.35 euros on the Paris stock exchange, while the overall market was up by just over 0.1 per cent. Deezer and its rivals such as market leader Spotify, but also Apple Music, Amazon and Tencent, have shifted the focus away from buying and downloading tracks to listening online to songs stored remotely.

Deezer announced plans for a stock market listing in April in a deal valuing the business at just over €1 billion , and set up a Special Purpose Acquisition Company , 12PO, for the deal. In 2015, Deezer had to postpone its plans for an initial public offering due to unfavourable market conditions. — AFP

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 1. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Stocks mostly advance as optimism creeps back inLONDON, July 5 — European and Asian stocks mostly advanced yesterday as investors tentatively regained some optimism following the heavy losses in the financial markets last week...
ソース: malaymail - 🏆 1. / 86 続きを読む »