Friday, May 13, 2011

Solazyme Sets IPO Pricing Range

South San Francisco-based Solazyme has set its estimated initial public offering price, saying this morning in a filing that it anticipates that the IPO price for the firm will be between $15.00 and $17.00 per share. Solazyme has applied 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.