News about IPO.
January 7th, 2016
Alibaba affiliate Ant Financial, owner of mobile payment platform Alipay, is seeking an investment of at least 10bn yuan (US$1.5bn) ahead of a planned initial public offering, Bloomberg reports. “Ant Financial may use money from the current fundraising for acquisitions,” the publication says. Ant Financial made a strategic investment in Indian mobile payment platform Paytm in September 2015 after closing a Series A financing round that valued Ant Financial at more than US$45bn.
March 7th, 2013
Up to 20% of the workforce could lose their jobs at the publicly listed NFC, contactless and security chip specialist following the announcement that revenues fell by 19% in 2012 and losses were “impacted by the disappointing performance from the NFC business”.
October 29th, 2012
Inside Secure generated revenues of US$28.6m during the third quarter of 2012, the chip maker reports, up 1% on sales during the second quarter of 2012 but 22% down on the third quarter of 2011….
May 8th, 2012
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. Martineau had been in charge of Inside’s NFC business since 2006. Fabrice Jogand-Coulomb has also joined DeviceFidelity, from SanDisk, as VP of product management.
April 23rd, 2012
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…
April 4th, 2012
Inside Secure’s consolidated revenues grew 94% to US$151m in 2011, due mostly to strong sales of NFC chips. The French company, which went public in February, supplies BlackBerry-maker RIM with NFC chips and estimates it has a market share of close to 50% by volume. “2011 was the take-off year for the NFC market and created substantial benefit for Inside Secure,” says CEO Rémy de Tonnac.
February 20th, 2012
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.
February 8th, 2012
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.
February 7th, 2012
NFC and contactless chip specialist Inside Secure will be listed on the NYSE Euronext Paris stock exchange from 17 February, French newspaper Le Figaro reports. The company aims to raise up to 79.3 million euros from the stock market launch, Le Figaro adds, and the price will be between 7 and 8.54 euros per share.
November 25th, 2011
Inside Secure has been included in the Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, the Middle East and Africa. The French company, which is expected to go public in the near future, has grown operating revenue 318% over five years. Mobile banking specialist Monitise also made the list, with 2,408% growth over the same period.
July 7th, 2011
NFC chip specialist Inside Secure has postponed its planned flotation, CEO Remy de Tonnac confirmed to NFC World, but the company plans to resume the IPO process as soon as it can.
June 24th, 2011
Out-of-house (OOH) media company RMG Networks, which unveiled an NFC-enabled advertising network in April, is in talks with banks about an initial public offering (IPO) to raise more than US$250m, Bloomberg reports: At an RJ’s Market in San…
June 21st, 2011
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…
May 17th, 2011
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…
May 9th, 2011
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…
April 1st, 2011
‘We see this as a strategic and transformative opportunity for Vivotech,’ says company CEO Mick Mullagh, who has plans for an IPO in 2012. Ingenico, meanwhile, is yet to officially announce an acquisition plan but is reported to already be in discussions to buy the business.
March 29th, 2011
NFC and contactless specialist Vivotech is planning an initial public offering (IPO) as early as 2012, CEO Mick Mullagh has told Bloomberg Business Week. The company — which one analyst believes could be valued at…