This is news from Wall Street.
NEW YORK, May 19, (Reuters) - Lumera Corp., which specializes in
nanotechnology to develop products from polymer materials, filed on
Wednesday to go public.
The Bothell, Washington-based company, a majority owned subsidiary of
Microvision Inc. (NasdaqNM:MVIS - News) filed a registration
statement with the Securities and Exchange Commission for a proposed
initial public offering of 5 million shares of its common stock. All
the offered shares will be sold by Lumera.
The lead manager for the IPO will be Paulson Investment Co., with I-
Bankers Securities Inc. acting as co-manager.
ODCAD Comment: The amount to raise is $24 millions.