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Alien’s IPO Slated For Friday

Written by Evan Schuman
July 27th, 2006

The much-anticipated IPO for RFID pureplay company Alien Technology is tomorrow, with an eye on raising about $100 million. (Click here to see today’s stock movement.) The public move has been watched because many on Wall Street see this move as a way to evaluate RFID technology itself.

Alien’s IPO—see a a copy of the IPO here–has been of interest because of the IPO-candid way it had of discussing it’s inability to accurately predict the market and its own sales. Recent industry analyst reports highlight the volatility of RFID, which will make this IPO worth watching. The fact that it’s trading symbol is literally RFID certainly will help Alien benefit from any increases in RFID enthusiasm, but it will also share in its pain.

Posted in IT Strategy/Industry, Mobile/Wireless/Contactless, RFID
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