[update::2007.02.11]VeriChip Corp. went public on 9 February 2007. The IPO price was
$6.50 per share.
3.1 shareswere sold; however, the reported trading volume was
2.19 millionshares. In a nutshell, the CHIP offering received a "lukewarm reception."
VeriChip Corp., a unit of Applied Digital Solutions Inc., is planning to "offer
4.3 million sharespriced between
$8.50in its upcoming initial public offering." VeriChip will trade on the Nasdaq Global Market under the ticker "CHIP."
The VeriChip press release stated: "At
$7.50each -- the midpoint of its predicted range -- that would yield proceeds of roughly
$26.9 million, after deducting underwriting discounts and commissions."
Note: The CHIP over-allotment is set at
Creator: Gerald D. Thurman
Created: 22 January 2007