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Solazyme To Raise $197M In IPO
Solazyme is raising $197.55 million in an initial public offering.
Solazymeis raising $197.55 million in an initial public offering (IPO). The U.S. renewable oil and bio-products provider is offering 10.375 million shares, while its current stockholders are issuing 600,000 shares at $18 per share.
The California-based company will not receive any proceeds from the sale of shares by the selling stockholders.Morgan StanleyandGoldman Sachsare the joint book-running managers for the offering.
Click here for the release fromBusiness Wire.