Alipay parent Ant Financial to go public at a $100bn valuation?

China’s Ant plans equity fundraising at potential $100 billion valuation — Reuters — “China’s Ant Financial Services Group is planning to raise up to US$5bn (£3.59bn) in fresh equity that could value the online payments giant at more than US$100bn… A fundraising would bring Ant, in which e-commerce firm Alibaba Group Holding Ltd is taking a one-third stake, a step closer to a hotly anticipated initial public offering.”





Martineau leaves Inside Secure

Philippe Martineau has left NFC and contactless chip specialist Inside Secure, which recently floated on the NYSE Euronext Paris stock exchange, to join NFC microSD specialist DeviceFidelity as VP of business development... More


Inside Secure reports Q1 2012 results

Inside Secure

NFC and contactless chip specialist Inside Secure, which floated on the NYSE Euronext Paris exchange in February, has announced revenues of US$34m for the first quarter of 2012, down 12% on sales during the same period in 2011... More



Inside Secure completes IPO

Inside Secure

Shares in the first NFC specialist to go public were oversubscribed by five times and the offer price was set at the high end of the range at €8.30 per share, netting the firm €69m and giving it a market capitalisation of €261m. More


Inside Secure ships 17.4m NFC chips, mostly to RIM

Inside Secure CEO Remy de Tonnac

The prospectus for Inside Secure’s IPO this month shows that the company made US$47m from the sale of NFC chips in 2011, that these were mainly delivered to RIM for use in BlackBerry NFC smartphones and that Inside believes it now has a share of close to 50% of the overall market for NFC chips for mobile phones. More











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