Inside Secure preps for IPO - Reuters

French NFC specialist Inside Secure is looking to raise up to EUR100 million through an initial public offering, reports Reuters, citing 'people familiar with the matter'.

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Inside Secure preps for IPO - Reuters

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The chipmaker, which is hoping to benefit from a boom in mobile phone based NFC applications, has hired BNP Paribas and Jefferies to prepare for a listing, sources told Reuters, confirming earlier reports in Les Echos.

Privately-held Inside Secure currently claims 14 backers, including European venture capital firms GIMV and Sofinnova, US chipmaker Qualcomm Inc, Visa, and investment vehicles backed by Nokia and Samsung.

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