Alien Technology Prices IPO
Morgan Hill-based Alien Technology, which develops RFID products for supply chain applications, has priced its IPO. Alien said this week in a filing with the SEC that it is looking to issue 9,000,000 shares of its common stock at between $10.00 and $12.00 per share. The IPO is expected to be worth a total of $124.2M. The IPO is being underwritten by Bear, Stearns & Co. Inc., Cowen and Company, Thomas Weisel Partners LLC, Robert W. Baird & Co., and Advanced Equities, Inc. Alien reported a loss of $23.6M on revenues of $19.8M for its year ending October 2005, and lost $6M on revenues of $9.9M for the six months ending April 1st.
posted on Friday, July 14, 2006
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ALIEN LABORATORIES, INC.
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