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Oberthur Eyes Europe's Biggest Technology IPO This Year in Paris

  • Company had received interest from investment funds, CEO says
  • Joins French tech from Deezer to Showroomprive seeking money

Oberthur Technologies, the security-software provider owned by Advent International Corp., plans to sell shares in what it predicts will be this year’s biggest European technology initial public offering.

Advent is moving forward with a listing even after Oberthur drew interest from investment funds, Chief Executive Officer Didier Lamouche said Tuesday in a conference call. Private-equity firms Carlyle Group and Eurazeo SA were among interested bidders in July, potentially valuing Oberthur about 2 billion euros ($2.2 billion), people with knowledge of the matter said at the time.