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Thursday, August 03, 2006

IPO Updates: Osiris Therapeutics; Alien Technology

Alien Technology (RFID) was a hot IPO that the street was waiting on, but there has been almost no word about it this week. The talk on the street put it actually needing a lower price point, which is odd considering that this is the first pure-play RFID stock to come public. If it is successful, there could be about 5 other IPO filings in the sector within weeks. If not, well you know the rest. This deal was scheduled at 9 million shares at a range of $10.00 to $12.00 from Bear Stearns, Cowen & Co, R.W.Baird, and Thomas Weisel. If we do not see anything tonight, then this may be shelved or pulled. It is also possible that it is waiting for a resolution between it and Intermec (IN) in the ongoing patent case.

Tonight we should get our first pure-play stem cell company IPO pricing. Osiris Therapeutics (OSIR) is set to price 3.5M shares at a range of $11.00 to $13.00, with an expected pricing around the mid-point. This is a fairly small IPO from Jefferies, Lazard, and Leerink Swann.

Jon C. Ogg
August 3, 2006
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