The company would be the first "pure-play" streaming service to go public.
Paris-based streaming service Deezer has announced plans for an initial public offering, to be filed in Paris, that would take the company public by the end of the year.
"Our contemplated IPO represents a key step in the continued development of our business," CEO Hans-Holger Albrecht says in a statement. "It will help us expand our offering through innovative marketing campaigns, drive deeper distribution through our telecom and manufacturer partnerships, and further improve our product and content to deliver an even better service for our listeners."
The company claims 6.3 million subscribers as of June 2015, the majority of which (4.8 million) came to the service through its bundling partnerships with mobile phone companies, including EE in the U.K. and Cricket in the U.S. Spotify reports it has 20 million paying subscribers, while newcomer Apple Music claims 11 million (all of which still fall under its three-month free trial).