After Filing for 200 NFC Patents, Inside Secure Files for IPO
NFC player Inside Secure files for IPO
Peter Clarke 6/1/2011 12:47 PM EDT
LONDON – Inside Secure SA, a fabless supplier of near field communication (NFC) chips has filed papers for an initial public offering of shares on the Euronext exchange in Paris, according to reports. The company, which was founded as Inside Contactless in 1995 and has been venture capital backed, is looking to raise between 80 million and 100 million euro (about $115 million to $144 million). The move is being made on the prospects for NFC chips in mobile phones to enable them to be used as electronic wallets and as a means of paying for goods and services. Inside Secure (Aix-en-Provence, France) has hired BNP Paribas and Jeffries to prepare for the IPO, according to Reuters report. The French company, has filed over 200 patents for near field communications. read more
