Alien Technologies Delays IPO Indefinitely
Alien Technologies was supposed to offer their IPO sometime last week. Having missed the news of the delay, I came to the same conclusion by checking the stock market board (Nasdaq). In truth, Alien's IPO delay was supposed to be for one day, and now its indefinite.
This delay or postponement of IPOs has been a trend for tech companies this year, and given the volatility of the stock market, might be for some years. Whether this will affect the IPO plans of other RFID companies is to be seen.
This delay or postponement of IPOs has been a trend for tech companies this year, and given the volatility of the stock market, might be for some years. Whether this will affect the IPO plans of other RFID companies is to be seen.