April 23, 2004

The nanoWorlds Worst Kept Secret

Nanosys finally filed for an IPO, which explain Merrill Lynchs unseemly haste to jump on the bandwagon. A $115 million IPO for a company without much in the way of revenues (well, OK, $3M last year which isn't much for a half billion dollar company if that $115 million only represents around 30% of the shares) or products?

Well Nanosys have sucked up huge amounts of funding, so investors will be keen to get something back. Of course a successful IPO will open the floodgates, so can we expect to see a certain London based nanotechnology company on the London Stock Exchange soon?

Posted by Cientifica at April 23, 2004 11:53 AM | TrackBack
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