Oberthur Technologies Group (OT) has announced plans to list its shares on Euronext Paris.The company has confirmed that its Document de Base (registration document) has been registered with the French financial markets authority, the AMF (AutoritÉ des marchÉs financiers). The registration of this document is the first step towards an initial public offering of its shares on the regulated market of Euronext Paris, subject to market conditions and regulatory approval by the AMF of the prospectus for the offering."OT's IPO marks a new phase in the development of OT," says Didier Lamouche, CEO of OT. "In a context of strong growth, where our digital security solutions are used by a growing number of clients, whether paying, connecting, or authenticating, we also need to prepare ourselves to respond to the massive needs of providing security for the world of connected objects. Our IPO will help OT consolidate its positions in each of its segments and reinforce its growth."The company's business is organised into three segments: Financial Services Institutions; Mobile Network Operators; Connected Devices & Identity Markets. More than half of its revenue came from its Financial Services Institutions segment in 2014.
OT takes steps towards IPO
