January 02, 2006
$ 45.8 million IPO by VeriChip
Florida-based VeriChip has filed for a $ 45.8 million IPO; the IPO is underwritten by the investment banks Merriman Curhan Ford and Kaufman Brothers. VeriChip is not a profitable company and has registered losses of $ 7.7 million in the past four years. redherring.com reports:
In a publicity stunt last September, the chief executive of Merriman Curhan Ford, Jon Merriman, was publicly “chipped” by being injected with the rice-sized tag.
Read More: VeriChip files for a $45.8-million IPO, underwritten by 'chipped' banker
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