Deezer's IPO deferment shows investors' doubts

Paris

MUSIC streaming was supposed to have come of age with the public listing of Deezer, but the French company's postponement of its stock offer shows that investors still have concerns about its economic model.

Deezer hit the pause button on the first initial public offering of a music streaming firm at the last minute on Tuesday, citing "market conditions", sending a bad signal for companies in the sector which have so far been dependent on venture funding.