SZYM.q
The South San Francisco company’s technology allows microbes to produce oil and biomaterials in standard fermentation facilities quickly, efficiently and in large scale for biofuel production, fossil petroleum, plant oils and animal fats from clean fuels and chemicals to cosmetics and foods.
The IPO was just last week and it has traded higher, and a business development company (venture capital investor) that trades almost like a closed-end fund called Harris & Harris Group, Inc. (NASDAQ: TINY) is a large holders of Solazyme.
Solazyme priced its IPO of 10,975,000 shares at $18.00 per share and Harris & Harris invested into the company back in 2004. Its preferred shares were converted in 2,304,149 common shares with a carry of just over $10.00 per share.
Solazyme priced its IPO of 10,975,000 shares at $18.00 per share and Harris & Harris invested into the company back in 2004. Its preferred shares were converted in 2,304,149 common shares with a carry of just over $10.00 per share.
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