Any educated guess on why NanoString Technologies, Inc. is going private? Some potential reasons:
NanoString going private from being a public company could be due to several reasons similar to those that apply to other companies considering such a move:
1. Restructuring and Operational Changes: Going private can provide an opportunity for struggling public companies to restructure and make operational changes away from the public eye and pressures of the stock market. This can be especially beneficial if the company is planning significant changes or needs to address issues that would be difficult under the scrutiny of public investors (Empower).
2. Regulatory and Financial Reporting Relief: Public companies are subject to extensive regulatory, financial reporting, and corporate governance requirements, which can be costly and time-consuming. Going private can free the company from these obligations, allowing it to focus more on its core business and long-term goals (BDO Canada, Empower).
3. Market Volatility and Access to Capital: The current volatility in public markets can make it challenging for companies to raise funds. Private markets have been attractive to investors seeking high yields, and going private can provide easier access to capital for growth and development (BDO Canada, Empower).
4. Reduced Public Disclosure: Public companies are required to disclose a significant amount of information, which can be beneficial to competitors. Going private reduces the amount of information that must be publicly disclosed, protecting competitive advantages (BDO Canada).
5. Avoiding Hostile Takeovers: When a company’s share price is depressed, it may become vulnerable to hostile takeover attempts. Going private can help avoid such threats by removing the company’s shares from public trading (BDO Canada).
6. Cost and Efficiency: Going private can lead to reduced costs associated with compliance and reporting, and transactions can often be closed faster and more efficiently compared to public companies (BDO Canada).
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NanoString Technologies, Inc. announces the start of a promising new era in our evolution as a company. Patient Square Capital, a leading healthcare-focused investment firm, has agreed to acquire NanoString with a plan, upon approval of the bankruptcy court, to take the company private and continue its business and operations. Silicon Valley-based Patient Square has approximately $8 billion in assets under management, and upon closing of the transaction NanoString will join Patient Square’s portfolio of eleven other companies focused on therapeutics, medical technology, and health services. Patient Square was attracted to NanoString for our technology portfolio, great people, and track record of serving customers in the scientific research community. We believe that Patient Square is committed to continuing NanoString’s mission to Map the Universe of Biology and is prepared to invest in our market-leading product roadmap. Together, our recent victory in the EU’s highest patent court which allowed us to resume sales of CosMx in 16 countries and the agreement with Patient Square provides continuity for our customers and employees, ensuring that our market-leading platforms for #spatialbiology and #geneexpression will be available for many years to come.
https://bwnews.pr/494kFK1
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