Alien Technology Corp., a major maker of radio frequency identification (RFID) tags and readers, has filed a registration statement with the Securities and Exchange Commission for an initial public offering (IPO) of approximately $120 million in common stock.
At press time, a date for the offering had not yet been set. Bear, Stearns & Co. Inc. is acting as book-running manager for the offering.
This article originally appeared in the June 2006 issue of Managing Automation magazine.
Alien supplies tags and readers to many users and suppliers of RFID technology and holds a Blanket Purchase Agreement from the U.S. Department of Defense for its ALR-9770 series multi-protocol reader.