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July 15th, 2004
Nanosys prices IPO, looks ahead
The Palo Alto, Calif., company plans to sell 6.25 million shares in its initial public offering, according to a filing with the Securities and Exchange Commission. It will trade under the symbol NNSY. Because there will be about 22 million shares outstanding after the IPO, the company could have a market cap of around $350 to $370 million after the offering. That's more than 100 times 2003 revenues of $3.1 million.
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