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.