Gemplus delays listing shares

Smartcard technology group Gemplus has announced the listing of its shares will be postponed until Monday 11 December.

This is the second time in a week that the company has postponed its IPO. Gemplus, the world's largest producer of smartcards, has lowered the price range of its forthcoming IPO, originally around E8 (£4.90) per share, to E6 (£3.68). The firm will be listed in Paris and on the US Nasdaq stock market.