Applied Digital stock up after IPO filing
WASHINGTON – Shares of Applied Digital Solutions Inc. were up Friday after it filed for an initial public offering of its unit that makes implantable identification chips for humans.Applied Digital subsidiary VeriChip Corp., Thursday filed to go public in an IPO worth as much as $45.8 million.In afternoon trading Friday, shares of Applied Digital were up 15 cents, or 5.8 percent, to $2.76 on the Nasdaq Stock Market.VeriChip, based in Delray Beach, Fla., makes chips that can be implanted under the skin and read wirelessly with scanners. It also makes more conventional tags and cards with radio-frequency identification technology.Vail, Colorado
Support Local Journalism
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User