"Long term profitablity is not a concern for us in the [streaming] sector," said Deezer CEO Hans-Holger Albrecht (pictured), speaking at a press conference in Paris this morning as Deezer launched its initial public offering on the regulated Euronext Paris market.

The company will have an indicative offering price range of between €36.40 and €49.24 per share.

The Initial size of the global offering is €300 million, representing 8,241,758 newly issued shares, generating estimated net proceeds of approximately ...