VeriChip IPO
Here are articles covering
VeriChip's February 9, 2007 IPO.
RFID Journal Privacy Forum (2007, February 14): VeriChip IPO Focuses Attention on Human Implants
(http://www.rfidjournal.com/privacy/entry/3045)
ZDNet India (2007, February 13): Patients, doctors staying away from implantable RFID chips
(http://www.zdnetindia.com/news/business/stories/171388.html)
Putting RFID chips into people's arms is, it turns out, not a booming business.
Via RFID Update
Weeden & Co. IPO Monitor (2007, February 9): RFID in the Healthcare Industry: The VeriChip IPO
(http://www.weedenco.com/Starke/pdfs/CHIP-20070209.pdf)
We took a look at the CHIP IPO because we have long been interested in names related to RFID. Our impression is that the rest of the RFID industry is keen NOT to be associated with CHIP because most applications are related to supply chain efficiencies, whereas CHIP’s RFID equipment is specifically targeted at tracking people, not objects.
Unfortunately, since this is one of the first RFID startups to go public in the U.S., it will likely serve as something of a bellwether.
Via RFID Update
RFID Journal (2007, February 9): VeriChip Launches IPO
(http://www.rfidjournal.com/article/articleview/3037)
Although the provider of human-implantable RFID chips scaled back the size of its IPO, demand for the company's stock seemed fairly strong, with more than 2 million shares trading hands.
RFIDWatch Weekly (2007, February 7): Market awaits VeriChip IPO
(http://www.dcvelocity.com/rfidww/?article_id=38)
Another RFID pure-play seems ready to test the public marketplace. Less than a year after Alien Technology cancelled its highly anticipated IPO,
VeriChip Corp. has filed to sell stock to the public, possibly as soon as Thursday.
RFID Update (2007, January 30): Human RFID Tag Provider VeriChip Announces IPO
(http://www.rfidupdate.com/articles/index.php?id=1287)
Applied Digital Solutions announced yesterday that it will take
VeriChip public. Applied Digital manufactures security and identification products based on a number of technologies, including RFID. A subsidiary of Applied Digital,
VeriChip manufactures the controversial human-implantable RFID tag of the same name.
Applied Digital Press Release (2007, January 29): VeriChip Corporation Announces Intended Commencement of Initial Public Offering
(http://www.adsx.com/pressreleases/2007/2007-01-29.html)
VeriChip Corporation (the “Company”), a subsidiary of Applied Digital Solutions, Inc., today announced the intended commencement of a public offering of up to 4.3 million shares of the Company’s common stock. In addition, Applied Digital has agreed to grant to the underwriters an option to purchase up to 645,000 shares of the Company’s common stock to cover over-allotments, if any. The Company and the underwriters anticipate that the proposed sale to the public of the shares will commence on or about February 8, 2007.
RFID Journal (2007, January 6): RFID News Roundup: VeriChip Announces IPO
(http://www.rfidjournal.com/article/articleview/2074/)
VeriChip, maker of the
VeriMed RFID system based on a human-implantable passive RFID tag, as well as other RFID tracking systems for people, assets and animals, said last week that it filed a registration statement for the initial public offering (IPO) of shares of its common stock. ... Approximately 800 hospitals use
VeriChip’s tags to monitor infant location within maternity wards, and 68 hospitals are enabled to read the
VeriMed implantable tag and access the corresponding medical records of the bearer.
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