March 21, 2011

Solazyme files for IPO

I can't believe I missed this news! I must have been very busy that week (that or I was in a zombie land) when this news about Solazyme filing for IPO (initial public offering) came out on March 11.

As you've probably seen in recent previous posts, Solazyme has been very busy with the launch of its algae-based skin care line Algenist, collaboration with Dow Chemical on algal oil-based dielectric insulating fluids and partnering with Qantas airline for algae-derived jetfuel Solajet.

The SEC prospectus did not indicate how much the company is targeting but sources indicate initial target of up to $100m IPO common stock to be listed on the Nasdaq exchange under the symbol SZYM. 

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