Fulgent Genetics Up Slightly In IPO Debut

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Temple City-based Fulgent Genetics , closed its first day on the public markets up slightly, at $9.18 a share on Wednesday night, and is now trading as FLGT on the NASDAQ Global Market. per share, after debuting at $9.00 per share this morning. The company priced at $9.00 The company sold 4,200,000 shares of its common stock in the offering, raising $37.8M in its IPO. Fulgent Genetics is led by serial entrepreneur Ming Hsieh. READ MORE>>.

Fulgent Genetics Files For IPO

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Temple City-based Fulgent Genetics , based in the San Gabriel Valley, has filed for an IPO, saying that it is seeking to raised $50M in an IPO on the NASDAQ Global Market as FLGT. The IPO is being underwritten by Credit Suisse, Piper Jaffray, Raymond James, and BTIG. Fulgent Genetics is developing genetic testing and laboratory testing technology, and is led by Ming Hsieh, who holds the majority shares in the company.

Two SoCal IPOs On IPO Calendar For This Month

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The Trade Desk's IPO is expected on September 21st, if all goes well, with Everbridge hitting the market on September 16th. Southern California's tech industry appears to be seeing a bit of a mini IPO boom, with the latest IPO being San Diego's Airgain, which had its IPO on August 21st; another IPO filing, by Temple City-based Fulgent Genetics earlier this week; and a report that Venice-based Snapchat is out hiring an IPO banker.

Fulgent Genetics Poised For IPO On Wednesday

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Ming Hsieh , the founder of Fulgent Genomics , former founder of Cogent, and namesake of the University of Southern California's Mind Hsieh Department of Electrical Engineering --looks to be having two big events in the next month; a possible IPO of Fulgent Genomics on the NASDAQ Global Market on Wednesday, and the ten year anniversary of the naming of USC's EE department after him.

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