Deezer has decided to postpone its planned IPO, citing "market conditions" as the reason for its decision.

The statement added that "Deezer is well funded and well positioned as it continues to pursue its growth strategy," and that "the company will review its fundraising options in the future".

According a report in the Wall Street Journal, Deezer chairman Didier Bench said that the company made a U-turn on its IPO plans after seeing Pandora's shares plummet 36% following ...