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French Tech Startup Back Market Said to Start Early Prep on IPO

French technology startup Back Market has started early work on a potential initial public offering, as it seeks to tap into heightened demand for secondhand devices, people familiar with the matter said.

The company, which operates a marketplace for refurbished smartphones and other consumer electronics, has had informal discussions with banks about a potential listing, the people said, asking not to be identified discussing confidential information. 

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