Wednesday, August 04, 2004

IPO no-go

Some days, I feel like Jon Stewart delivering the news.

Today, a small startup company with no products, no clear timeline on when it will release products and has lost $25.8 million since its founding in 2001 decided not to go public, and blamed it on "adverse market conditions."

NanoBot Backgrounder
Initial Perilous Offering

1 comment:

Camilo said...

Market rationality, and perhaps the lack of a definite product. How would this affect the landscape for nanotechnology companies, though?