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Biotech / Medical : Aclara Biosciences (ACLA) - The next small thing? -- Ignore unavailable to you. Want to Upgrade?


To: Larry Livingston who wrote (4)10/3/2000 12:01:23 PM
From: Larry Livingston  Read Replies (1) | Respond to of 16
 
"Take Aclara BioSciences (ACLA:Nasdaq - news). Investors who bought into this biochemical analysis company before its IPO will be free to sell nearly 70% of its stock, about 23.7 million shares, starting Sept. 18, according to unlockdates.com, a Web site that tracks such matters.

And given Aclara's stellar IPO, more than tripling from the stock's offering price of 21 in March, it seems likely that early investors will be looking to cash in a hefty portion of their stake. The stock closed at 46 5/8 Thursday, more than double the offer price. "

From:
Unlocking Biotech IPOs May Unhinge Sector's Rebound
By Dane Hamilton
Staff Reporter
8/24/00 6:58 PM ET
TheStreet.Com