September 29, 2010

Amyris trading at $16/share

Despite the lower-than-expected initial public offering (IPO) price of $16/share as opposed to between $18-$20/share, Amyris, the California-based synthetic biology start-up did pretty well as it raised nearly $85m on the first day and its stock closed at $16.85/share on the second day of trading at NASDAQ.

As Amyris is one of the first advanced biofuel/renewable chemical startup company that went public, the company is kind of a bell wether on how this industry will turn out in the financial world. So how did its venture backers fared with this initial trading? Here's a very interesting analysis from The author noted that the company's series A investors, Khosla, Kleiner Perkins and TPG Biotech did pretty good with their investments with Amyris.

I have not really covered Amyris that much in the past so here's some pertinent info about this company.

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