Genomatica Drops IPO Plans, Raises $41.5M
socalTECH
AUGUST 2, 2012
San Diego-based renewable chemicals developer Genomatica has dropped its IPO plans, according to a regulatory filing by the company this morning. The firm, which had filed for a $100M IPO in August of 2011, said in a withdrawal of its registration, that it has determined not to proceed with its IPO, "in light of current market conditions."
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