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Aspen Aerogels withdraws $115 million IPO

Awardee Story Aspen Aerogels withdraws $115 million IPO
Date: May 17, 2013
Author: Renaissance Capital
Source: NASDAQ News ( click here to go to the source)

Aspen Aerogels, which manufactures aerogel insulation principally used by petrochemical and power generation facilities, withdrew its plans for an initial public offering on Friday. The Northborough, MA-based company was founded in 2001, and initially filed for a $115 million IPO in June 2011. Goldman Sachs and Morgan Stanley were set to be the joint bookrunners on the deal.

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It is a rare issue of the major Business Press - WSJ; New York Times; Washington Post - and regional equivalents; magazines of similar importance - The Economist, Fortune, Forbes etc - and now a wealth of electronic communications and daily news feeds that does not include reference to, or articles about, one/more SBIR-STTR Awardees. With the focus usually on what the firm is about - their technical achievement or business emphasis - it is an unusual coverage that even mentions their SBIR involvement. An integral part of the extensive range of data we continuously assembled in our system on all SBIR-STTR involved firms includes this type of press coverage.  Much that we gather includes firms no longer SBIR involved or still in business, nor now eligible. ...more

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