Fergie's Tech Blog

VeriChip Planning IPO

Via Red Herring.

VeriChip, a company that makes implantable microchips for humans, on Friday filed for a $45.8-million IPO underwritten by a banker carrying one of the chips.

The company, which sells a first-of-its-kind radio frequency identification (RFID) tag for implantation, said the underwriters will be the investment banks Merriman Curhan Ford and Kaufman Brothers.

In a publicity stunt last September, the chief executive of Merriman Curhan Ford, Jon Merriman, was publicly “chipped” by being injected with the rice-sized tag.

At the time, Mr. Merriman said the chip was an answer to his “increasing paranoia of having the specific provisions in his living will executed” in a worst-case scenario. Mr. Merriman does not have any serious medical conditions.

posted by Fergie @ 12/30/2005 11:34:00 AM