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Home > News > Immunicon's nano IPO gets 'sane' response from investors

April 16th, 2004

Immunicon's nano IPO gets 'sane' response from investors

Abstract:
Largely unbeknownst to the nanotech community, a company commercializing patented magnetic nanoparticles went public this morning on the Nasdaq exchange after twice reducing its opening price estimate earlier this week. Analysts say the lack of attention and the lower price suggest a healthy skepticism among investors. Immunicon Corp. (Nasdaq: IMMC) of Huntington Valley, Pa., priced 6 million shares at $8 apiece yesterday. Trading began around 11 a.m. today, after which the stock quickly scrambled above $9 and hit a $10 high before settling down.

Source:
SmallTimes

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