Music streaming service Deezer abandons IPO plans

Spotify and Apple Music rival blames ‘market conditions’ and says it will seek other fundraising options, as streaming stakes continue to rise

Music streaming service Deezer has abandoned its plans to raise €300m (£216.7m) by going public, citing tough market conditions as the cause.

The French company announced plans in September for an initial public offering (IPO) on the Paris stock exchange by the end of 2015.