Solazyme announces pricing IPO

Solazyme announces pricing of IPO

5:00 PM, 28th May 2011
Solazyme announces pricing of IPO

SAN FRANCISCO, CALIFORNIA: Solazyme Inc priced its initial public offering of 10,975,000 shares of common stock at a price to the public of $ 18 per share. Of the shares of common stock in the offering, Solazyme is offering 10,375,000 shares, and selling stockholders are offering 600,000 shares. In addition, Solazyme has granted the underwriters a 30-day option to purchase up to an additional 1,646,250 shares of common stock, solely to cover over-allotments, if any. Solazyme will not receive any proceeds from the sale of shares by the selling stockholders. The shares will begin trading on the NASDAQ global select market on May 27, 2011 under the ticker symbol "SZYM."

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