It has been reported that Deezer has filed to go public. The IPO is planned towards the end of this year on the Paris stock exchange.
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.
Deezer has raised $149.3m of funding since 2008, including a $130m round from Warner Music Group’s parent company Access Industries in 2012.