NFC and contactless chip specialist Inside Secure has taken the first official step on the road to an initial public offering (IPO) on the NYSE Euronext stock exchange in Paris by filing registration papers with French financial regulator the AMF.

Inside Secure had sales of US$78.1m in 2010, up from $36m in 2009, according to Boursier.com. This has increased to US$38.55m for the first quarter of 2011 and the company expects turnover to reach $400m in 2013.

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