(Telecompaper) French smartcard and digital security group Oberthur Technologies announced that has decided to postpone its IPO due to current market conditions. CEO Didier Lamouche said, "The decision taken with our majority shareholder Advent International is a natural one given the current state of the capital markets. 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." When Oberthur registered for the IPO last month, it said the money raised would help it reduce its debt and develop security products for the IoT.