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Inside Secure postpones IPO?

Inside Secure

INSIDE: Reuters reports that the much-anticipated IPO is off — for the moment

NFC chip specialist Inside Secure has postponed its planned IPO “due to market conditions”, a source close to the company has told Reuters.

A press briefing that was scheduled to take place on June 22 in connection with the planned IPO will now not take place, Reuters adds, and a new date for the meeting has not been set.

Last month Inside Secure filed registration papers with the AMF, the French financial regulator, as the first public step on the road to an initial public offering (IPO) on the NYSE Euronext stock exchange in Paris.

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