The FINANCIAL -- INSIDE Secure, a leading player in the design and supply of semiconductors dedicated to secure transactions, celebrated today its successful listing on NYSE Euronext in Paris.

Founded in 1995 and headquartered in Aix-en-Provence, INSIDE Secure is a major supplier of integrated circuits and embedded software for secure transactions and digital security applications. According to NYSE Euronext, using a “fabless”  business model with no production plants, the group designs, develops and sells a range of solutions for applications that process, store or transfer data in NFC for mobile devices, digital security and secure payments – applications where high security is vital.

A pioneer in NFC technology, INSIDE Secure is one of only two integrated-circuit specialists worldwide supplying NFC chips for mobile payment terminals in bulk. The group held nearly 50% of the total market in volume in 2011, and offers a comprehensive portfolio of advanced solutions to customers that include RIM, Oberthur Technologies and Intel Corporation, with which it signed a strategic 5-year licensing agreement in 2011.
 
INSIDE Secure was listed through the admission to trading of 23,173,468 existing shares and 8,313,250 new shares issued under a Global Offering, including full exercise of the extension clause. The Global Offering raised a total of €69 million which could increase to approximately €79.3 million if the Over-allotment option is fully exercised.

The admission and issue price of INSIDE Secure shares was set at €8.30, near high end of the indicative spread. Market capitalisation stood at around €260 million on the day of listing.

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