The 2008 New England IPO List: The Dead, the Aging, and the Newly Born

The Aging —

GlassHouse Technologies (GLAS) — Framingham, MA
Proposed maximum offering price: $100 million
Filed: 12/18/07
Latest filing: 05/05/08
Recent news: The provider of data-center management and Internet-based data backup services acquired U.K.-based IT consulting firm TTP Group in June.

NameMedia (NAME) — Waltham, MA
Proposed maximum offering price: $173 million
Filed: 11/2/07
Latest filing: 4/25/08
Recent news: The owner of specialized Web domains reported in July that its Craftster.org website was taking entries for creative ways to draw attention to climate change.

POGO Jet (POGO) — Chicopee, MA
Proposed maximum offering price: $104 million
Filed: 9/13/07
Latest filing: 3/17/08
Recent news: POGO, which plans to begin providing on-demand jet charter service in early 2009, revealed in March that its IPO plans were on hold due to poor market conditions. (It’s not exactly tech, but its Zipcar-meets-JetBlue plan deserves notice.)

TransMedics (TMDX) — Andover, MA
Proposed maximum offering price: $86 million
Filed: 9/14/07
Latest filing: 12/14/07
Recent news: There’s been no evidence of movement on the IPO front, but the developer of systems to transport live organs for transplantation is still in the hunt to go public.

The Newly Born —

A123 Systems (AONE) — Watertown, MA
Proposed maximum offering price: $175 million
Filed: 8/8/08 (also latest filing)
Recent news: If you weren’t already aware, the provider of lithium-ion batteries confirmed Xconomy’s hunch that the 08.08.08 filing date was intended to hue to Chinese numerology.

BioTrove (BTRV) — Woburn, MA
Proposed maximum offering price: $75 million
Filed: 4/01/08
Latest Filing: 6/27/08 Recent news: The provider of genomic research and drug discovery products reported this month that it opened its first European office in London to serve clients on the other side of the pond

First Wind (WNDY) — Newton, MA
Proposed maximum offering price: $450 million
Filed: 7/31/08 (also latest filing)
Recent news: In the middle of the biggest IPO drought in years, this developer and owner of wind farms proposes to raise up to $450 million in its public debut.

Gomez (GOMZ) — Lexington, MA
Proposed maximum offering price: $80.5 million
Filed: 5/7/08
Latest filing: 8/7/08
Recent news: The firm, which offers website performance monitoring services, launched its “Business Pulse XF” dashboard to enable executives to view key indicators of website success.

LogMeIn (LOGM) — Woburn, MA
Proposed maximum offering price: $86.3 million
Filed: 1/11/08
Latest filing: 8/7/08
Recent news: Earlier this month, the maker of software to give businesses remote access to computers and other devices connected to the Internet announced the launch of an application designed for IT support technicians and help desks.

STR Holdings (PVS) — Enfield, CT
Proposed maximum offering price: $300 million
Filed: 7/31/08 (also latest filing)
Recent news: The owner of Specialized Technology Resources supplies energy companies such as BP Solar and First Solar with plastic laminents and encapsulants that coat semiconducting materials used in solar panels.


Author: Ryan McBride

Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News. Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.