Spotify Rival Deezer’s Shares Fall in Trading Debut


PARIS—Shares in French music-streaming service Deezer fell in their first day of buying and selling, a recent signal of the tough setting dealing with startups and loss-making firms.

The Paris-based competitor to music-streaming providers together with Spotify Technology SA noticed its shares fall by greater than 1 / 4 on Tuesday, the corporate’s first day on Paris’s inventory alternate. The tumble, down greater than 30% at one level, got here after the corporate struck a SPAC deal in April valuing it at roughly $1.1 billion.

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