Nanosys withdraws IPO

Aug. 4, 2004 — Nanosys Inc. has announced the withdrawal of its IPO. The Palo Alto, Calif.-based nanotech startup was expected to go public this week or early next week.

“Based on adverse market conditions,” the company said in a news release, “Nanosys has determined that it is not advisable at this time to proceed with the proposed offering.”

The company had proposed selling 6.25-million shares of stock and estimated the price between $15 and $17 per share.

Final pricing was expected to have occurred as early as today. Nanosys Executive Chairman Larry Bock said company executives could not comment.


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