nanosys ipo cancelled

nanosys called off its effort to go public yesterday. led by merrill lynch, they had hoped to sell 6.25mm shares at $15 to $17/share, which would have implied a 29% public ownership. everyone was closely watching this one - it would have been a landmark event for the nanotechnology industry. i think we're still a long way off before nano can be publicly traded currency. and those first companies will more resemble less sexy material science plays ala smart dust.