Emerging Nanotechnology Firms and Access To Capital Markets
Volume 1, Issue 3
R. Douglas Moffat, Moffat Capital
Ruben Serrato, Canon USA
On August 4, 2004, Nanosys Inc. withdrew its Initial Public Offering (IPO) application. Nanosys was widely viewed as the first start-up focused exclusively on nanotechnology to seek to go public. The offering was perceived to be a litmus test for investor interest in the field and many hoped it would clear the way for more nanotech IPOs. NanosysÂ’ withdrawal, however, made financing prospects for nanotech companies in both public and private markets unclear. A scholarly analysis of the outlook for future nanotech financing activities is urgently needed and in this article, R. Douglas Moffat and Ruben Serrato explore current capital market conditions for nanotech companies seeking funding.
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