Monday, March 14, 2011

Solazyme Files For IPO

South San Francisco-based Solazyme, the developer of biofuels technology, filed for an IPO Friday, saying that it is looking to raise up to $100M in its IPO. The firm said it will apply to list on the Nasdaq Global Market as SZYM. The firm's IPO is being underwritten by Morgan Stanley, Goldman, Sachs & Co., Pacific Crest Securities, and Lazard Capital Markets. Solayme is backed by The Roda Group, Lightspeed Ventures, The Fiddler Group, Braemer Energy Ventures, along with others