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Inside Secure heading for stock market flotation?

NFC and contactless chip specialist Inside Secure has hired two banks in preparation for an initial public offering on the Paris stock market, according to a Reuters report based on information received from “people familiar with the matter”:

The French company, which specialises in so-called “near-field communications”, hired BNP Paribas and Jefferies to prepare for an initial public offering (IPO), the people said.

Inside Secure, based in Aix-en-Provence and led by chief executive Remy de Tonnac, may look to raise about 80 to 100 million euros ($115 to $144 million), one of the people added. BNP declined to comment. Inside Secure said it did not comment on rumours. Jefferies had no immediate comment.

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