Complete Genomics Sets IPO Price Range

Complete Genomics, the low-cost gene sequencing company in Mountain View, CA, has set a goal of pricing 6 million shares in its initial public offering at a price of $12 to $14, according to a filing today with the Securities and Exchange Commission. If the company can find demand from investors at the top of its range, and its underwriters buy an extra 900,000 shares, then the deal could bring in as much as $96.6 million. The company is scheduled to set the actual IPO price the week of Nov. 8, according to Renaissance Capital. Complete Genomics’ existing roster of investors includes OrbiMed Advisors, Essex Woodland Health Ventures, San Diego-based Enterprise Partners Venture Capital, Kirkland, WA-based OVP Venture Partners, and Palo Alto, CA-based Prospect Venture Partners. The company plans to begin trading under the symbol (NASDAQ: [[ticker:GNOM]]).

Author: Luke Timmerman

Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.