Despite the best attempts of the Economist and others, Nanosys are now closing the books in preparation for trading on Wednesday morning, two days earlier than expected.
The indication is that the share placement with institutions went well, following roadshow stops in Boston, San Franciosco, New York, London, Zurich and…Kansas City.
The general consensus of analysts at both Merrill Lynch and Lehman is that Nanosys will break even around 2009 and have revenues of around $200M by 2013.
Apart from wondering about the accuracy of 10 year predictions (as Netscape is the buzzword, it may be worth looking at 1995 predictions of Netscapes revenue for a quick test of accuracy) we wonder what will make up the other 99.998% of the mythical trillion dollar market.
While this will be undoubtedly hyped as a bellwether IPO for nanotech, Nanosys are in fact fairly unique among nanotech companies in that they dont have a product or a focus. Biotech is far closer to the mark.