Home > News > Austin's Molecular Imprints hints at IPO
May 19th, 2008
Austin's Molecular Imprints hints at IPO
Abstract:
Molecular Imprints Inc., an Austin nanotechnology company that makes advanced equipment used in producing computer chips and hard disk drives, hinted at an initial public offering next year as it announced that it has raised $12.9 million from investors.
The company, founded in 2001 with technology developed at the University of Texas, has raised a total of $91 million.
David Gino, the company's chief operating and financial officer, said the new investment will help Molecular Imprints expand its products and serve as "a funding bridge to a possible public offering in 2009."
For that to happen, Gino said, "We have to execute our business plan, and one of the keys the public markets are looking for is validation of our technology used in high-volume manufacturing applications."
Source:
statesman.com
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