Tuesday, July 25, 2006

Alien Technology Seeks $88M in Upcoming IPO

As seen on eweek.com:
Alien Technology, a manufacturer of RFID tags, readers and hardware, is looking to raise in the neighborhood of $88.1 million with an IPO scheduled for July 27, according to Nasdaq's July 24 Web site listing. Alien Technology, based in Morgan Hill, Calif., initially filed for an IPO (initial public offering) with the Securities and Exchange Commission on April 13. The company expects to release 9 million shares at about $11 each during its initial offering later the week of July 24.