A recent article in the Small Business (sic) section of The New York Times reports that nanomaterials-based firms are starting to head toward public offerings:
Nanotechnology companies, nurtured on billions of dollars in government grants and venture investments through most of this decade, are getting ready to go public…At the beginning of this decade, nanotechnology was greeted with predictions of instant wonders and investment success. But when technological developments seemed to take longer than anticipated, investor enthusiasm cooled and nanotechnology was looked on as an overhyped promise. Now attitudes are becoming positive again, Mr. [Lynn]Foster, the nanotechnology author, said, and “we’ll see many firms coming to the public markets.”
The Times article was based on a Caltech/MIT Enterprise Forum meeting titled “How Can A Nano Company Get To Wall Street?” held December 8:
With nanotechnology developments leading to predictions of company successes in a “Trillion Dollar Market”, today’s program will have three leading nanotechnology companies that are aiming for an Initial Public Offering on Wall Street. Founders of Unidym, Inc., NanoDynamics, Inc., and NanoGram Corp. will present their companies with critical commentary and analysis from a panel of seasoned nanotechnology industry observers, VCs and Wall Streeters.
For audio from the Forum, including John Miller of Arrowhead Research on behalf of their subsidiary Unidym, click on the December listing on the 2007 Past Programs web page. —Christine
