Shares of Paris-French music-streaming service Deezer fell on the first day of trading, a new sign of the tough environment facing startups and loss-making companies.
Paris-based competitors, including music-streaming services spotify technology The SA saw its shares fall by more than a quarter on Tuesday, the company’s first day at the Paris Stock Exchange. The decline, down more than 30% at a time, came after the company SPAC deal done in April Its value is estimated at about $ 1.1 billion.