IPO For Magnetic Nanoparticle Company, Immunicon - News Item

Apr 20 2004

Manufacturer of magnetic nanoparticles, Immunicon launched their Initial Public Offering with 6 million shares being offered at US$8 per share on Friday.

The estimated price dropped from US$12-14 on Wednesday, to US$9-11 on Thursday, before launching at US$8. After launching, prices rapidly climbed to US$9, before peaking at about US$10

The company is hoping to raise funds to commercialise products, including manufacturing and research and development. Their products are used for such things as cancer diagnostics.

Posted 18th April 2004

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