This year proved to be difficult for lab product– and instrument-related IPOs (see table). The year’s largest debut was Fluidigm (see IBO 2/15/11). Jiangsu Skyray Instruments listed on the Shenzhen Stock Exchange’s ChiNext Market (see IBO 1/31/11), Microsaic Systems listed on the London Stock Exchange’s AIM Market (see IBO 4/15/11), and Norton Scientific debuted in June on the Frankfurt Stock Exchange’s First Quotation Board (see IBO 11/30/11).

 Company                    IPO Date  Offer Price    12/31/11 Price  %Chg.

 Fluidigm                   2/10/11      $13.50       $13.16          -3%

 Jiangsu Skyray Instruments 1/24/11   CNY 65.00    CNY 20.83         -68%

 Microsaic Systems          4/11/11       £0.32        £0.30          -6%

 Norton Scientific           6/3/11      € 0.95       € 1.00           5%