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 per share, after debuting at $9.00 per share this morning. The company priced at $9.00 a share on Wednesday night, and is now trading as FLGT on the NASDAQ Global Market. 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>>.

Alleged Bitcoin Inventor Chased By Press Through San Gabriel Valley

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Report: Snapchat Discussing IPO With Bankers, Eyes IPO Next Year

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It appears that IPO season has just opened in Southern California's high tech community, with more IPO activity in the last couple of weeks than the region has seen in the last year, including an IPO in the works for Ventura-based The Trade Desk , which just set its estimated IPO range ; another for Everbridge , which was started in Glendale, also in pricing ; and another for Fulgent Genetics in Temple City.

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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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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Hsieh--who holds the majority shares in Temple City-based Fulgent--is being honored by USC for the 10th anniversary of his gift to USC in the next few weeks.

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