Genomatica files for $100 million IPO as another renewable chemicals pure-play heads for Wall Street
In California, Genomatica, Inc. announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed $100 million initial public offering of shares of its common stock. All shares of the common stock to be sold in the offering will be offered by Genomatica. The number of shares to be offered and the price range for the offering have not yet been determined.
Last month, Genomatica took the #1 spot in the 2011-12 “30 Hottest Companies in Renewable Chemicals and Materials” rankings. The rankings, which recognize innovation and achievement in renewable chemicals and materials development, are based 33 percent on votes from a 58-member panel of invited international selectors, 33 percent on votes from members of the Digest online Community, and 33 percent from Digest subscribers.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Jefferies & Company, Inc. will be joint book-running managers for the offering. Piper Jaffray & Co. will be a passive book-running manager and Raymond James & Associates, Inc. will be a co-manager for the offering.
The Digest will publish its “Genomatica’s IPO: The Ten-Minute Version” on Friday August 25 (tomorrow) by 9AM Eastern time.