France-based ASK, the maker of contactless transit cards and components for electronic passports, has launched an initial public offering, seeking to raise about €25 million (US$36 million).

ASK, which has a piece of such high-profile contracts as London’s Oyster card and e-passports for the U.S. government, has set a price range of €7.70 (US$10.47) to €9.30 (US$12.65) per share. 

About 34% of the company’s shares would be available to the public on Euronext exchange. About 57% of the shares would continue to be held by private investors. The IPO is scheduled to close Wednesday. Trading would begin next week.