The timing of the Nanosys IPO looks increasingly odd as the negative stories continue. Of couse it could all be sour grapes.
CNN reports that the IPO will happen next week, just as calls for tighter regulation of nanotechnology pass through media filter of environmental groups.
Then the nanoparticles really hit the fan as speculation mounts about cost of compliance with legislation, and future liabilities, and meanwhile everyone else is either on holiday or angling for a piece of the action over at Google.
For another opinion, a respected US commentator commented to us today that “If Nanosys receives a poor reception on Wall Street it won’t be because of the Royal Society’s report. Rather, it will be because Wall Street has a bad case of the jitters–no small thanks to fears about corporate earnings, terrorism, and crude oil. As for the company’s IPO timing, I reckon that Nanosys is either six months late or six years early.”
Not long until we find out, but with Google priced at 25x earnings and going up against Microsoft, while Nanosys is priced at 125x and going up against the European Commission, Greenpeace, public hysteria and a whole bunch of news editors with not much to do in August, Bill Gates doesn’t look too scary. Odds on a Nanosys repricing ($12-15)are shortening.