Will They / Won’t They?

Germany’s Nanogate beomes the latest company with an on/off IPO. The company announced at the end of June that it was planning an IPO in “the second half of 2006,” but news reaches us that the IPO has been “delayed” due to difficult market conditions.

Decoded, this means that when institutional investors were canvaseed whether a nanotech company with earnings of some 5m euros could be worth 50m most of them hung up. As one of Europe’s oldest nanomaterial based companies, and a slightly profitable one as well, it isn’t a bad looking company, especially when compared with other IPO candidates such as Nanosys, it just needs to take a another look at its valuation and convince the markets of its future growth potential.

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