French music streaming service Deezer announced Thursday it aimed to raise at least 300 million euros ($345 million) via an initial public offering, as it bids to shore up its position in the ultra-competitive industry. Deezer said it was issuing between six million and eight million new shares on the market. After the operation, the company as a whole would be worth between 900 million and 1.1 billion euros, said Deezer operations director Simon Baldeyrou.

Source: Yahoo Music
Link: Music-streaming firm Deezer seeks 300 mn euros via IPO