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Solazyme prices IPO at $18/share

Solazyme, Inc., a renewable algal oil and bioproducts company, has priced its initial public offering of 10,975,000 shares of common stock at $18.00 per share, higher than the earlier estimated range of $15–$17.

Of the shares of common stock in the offering, Solazyme is offering 10,375,000 shares, and selling stockholders are offering 600,000 shares. In addition, Solazyme has granted the underwriters a 30-day option to purchase up to an additional 1,646,250 shares of common stock, solely to cover over-allotments, if any. Solazyme will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. Jefferies & Company, Inc. is acting as lead manager, and Pacific Crest Securities LLC and Lazard Capital Markets LLC are acting as co-managers. The shares will begin trading on the NASDAQ Global Select Market today under the ticker symbol “SZYM.”



Good to see a public offering for this kind of company. Maybe if we structured the tax laws to channel capital into productive efforts we would make more progress.


Agreed. It is inspiring to see renewable energy taking a prime position in the IPO markets. This will help others in the renewable fuels industry.

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