IHS Chemical Week

Markets :: Alternative Fuels :: Bioethanol

Codexis Set to Launch this Week on the Nasdaq

9:58 AM MDT | April 20, 2010 | Alex Scott

Enzymes technology firm Codexis (Redwood City, CA) is due to go public this week with an IPO on the Nasdaq stock exchange. The company plans to raise $84 million by offering 6 million shares at a price range of $13-$15. At the mid-point of the proposed range, Codexis will command a market value of $546 million.   Codexis is backed by Shell. The company’s activities range from the development of biocatalysts for the synthesis of biofuels through to pharmaceuticals.   The company plans to list on the Nasdaq under the symbol CDXS. Credit Suisse is...

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