Codexis Inc., the enzyme development company, plans to raise up to $100 million in an initial public offering in 2010, according to Associated Press.
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The company filed an IPO with the Securities and Exchnage Commission Monday but did not disclose a date nor price point for the shares. The company originally filed a prospectus with the SEC in April for its IPO.
The offering will be underwritten by Credit Suisse (NYSE: CS), Goldman Sachs (NYSE: GS), RBC Capital Markets and Pacific Crest Securities. Shares will trade on the Nasdaq Global Market under the symbol "CDXS."
Codexis develops technology that is used to create biocatalysts, or enzymes and microbes that are used to start or speed up chemical reactions. The company said its technology allows companies to use biological catalysts that can make their industrial processes faster, cleaner, and more efficient, and work in less complex conditions and with less expensive equipment.
Codexis reported $50.5 million in revenue in 2008, and $58.7 million in the first nine months of 2009. It has lost $15.1 million from January to September this year.
Codexis incorporated in January 2002 as a subsidiary of biotechnology company Maxygen Inc. It became a separate company in March of that year.
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