Oberthur Technologies (OT) has announced that its board of directors has decided to postpone its Initial Public Offering (IPO) due to current market conditions."The decision taken with our majority shareholder Advent International is a natural one given the current state of the capital markets," says Didier Lamouche, CEO of OT. "Our business is delivering strong organic growth of both revenues and EBITDA and the momentum we see on all our activities confirms that we have made the right choices and positions us well for the future."
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