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Proton Energy raises $119M
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September 28, 2000: 10:22 p.m. ET
Alternative energy deal boosts price range, biotech Genomica also increases
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NEW YORK (CNNfn) - An initial public stock offering by Proton Energy Systems Inc. raised $119 million Thursday after the company boosted its offering price. Similarly, biotech Genomica Corp. raised more than $122 million after increasing the size and price of its deal.
Proton Energy Systems Inc. raised $119 million after selling 7 million shares at $17 each via underwriters led by Morgan Stanley Dean Witter. The price range was raised this week to $14-to-$16 a share from the originally filed $10-to-$12.
Proton Energy Systems Inc. is the latest alternative energy deal. Rocky Hill, Conn.-based Proton Energy develops proton energy exchange membrane (PEM) electro-chemical devices such as hydrogen generators and regenerative fuel cells.
The company's hydrogen generators are tailored to suite the needs of small to mid-sized manufacturers and food processors, Proton Energy said. The generators will also be able to provide energy for fuel cell vehicles.
Proton will trade under the Nasdaq symbol "PRTN."
Genomica Corp. raised $122.36 million after boosting its deal to 6.44 million shares at $19 each via underwriters led by CIBC World Markets. The company had planned on selling 5 million shares at $16-to-$18 each.
Genomica Corp. is the latest company to go public in the genomics sector. Boulder, Colo.-based Genomica sells bioinformatic software to pharmaceutical and biotech companies to speed drug discovery. Customers include Warner-Lambert, AstraZaneca and the National Cancer Institute.
Genomica plans to trade under the Nasdaq symbol "GNOM."
Ciphergen Biosystems Inc. raised $88 million after pricing its 5.5 million shares at $16 each through underwriters led by SG Cowan. The Palo Alto, Calif.-based company had planned on selling 5 million shares at $14 to $16 each.
Ciphergen is in the hot "proteomics" sector, which studies proteins and how they change during disease. Ciphergen has released its product, called the ProteinChip System, commercially and already boasts such customers as Abbott Laboratories (ABT: Research, Estimates), Merck & Co. (MRK: Research, Estimates), Pfizer Pharmaceuticals, Johns Hopkins Medical School, the National Cancer Institute and Stanford University.
The company plans to trade under the Nasdaq symbol "CIPH."
More chips
Chip provider Simple Technology Inc. raised $70 million after selling 6.364 million shares at $11 each, the midpoint of its expected range, via underwriters led by Lehman Brothers.
Santa Ana, Calif.-based Simple Technology makes dynamic random access memory (DRAM) and static random access memory (SRAM) chips that are used in personal computers, networking and communications, consumer electronics and industrial applications.
The company will trade under the Nasdaq symbol "STEC."
AtRoad Inc. priced at the bottom of its expected $9-to-$11 range, selling 7 million shares at $9 each via underwriters led by Credit Suisse First Boston.
AtRoad Inc. provides wireless information services for mobile commerce. The company's FleetASAP products lets customers track cars, employees, goods and services. The product also provides two-way messaging between customers and mobile workers.
AtRoad plans to trade under the Nasdaq symbol "ARDI."
Lastly, Wilson Greatbatch Technologies Inc. raised $80 million Thursday, selling 5 million shares at $16 each via co-lead underwriters Donaldson Lufkin & Jenrette and Merrill Lynch. The company had expected to sell 4.7 million shares at $15-to-$17 each.
Clarence, N.Y.-based Wilson Greatbatch Tech makes batteries used in implantable devices such as pacemakers and implantable cardioverter defibrillators (ICDs).
Wilson plans to trade under "GB."
Other companies expected to begin trading Friday include Docent Inc., Elastic Networks, and Head N.V. 
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