NEW YORK (GenomeWeb News) – Amid the volatility in the stock market, the anticipated initial public offering from Fluidigm, which was expected to become effective either Thursday or Friday this week, has been postponed until next week.
The South San Francisco, Calif.-based firm still expects to float at $14 to $16 per share and raise net proceeds of roughly $70.8 million, assuming an offering price of $15 per share. If the underwriters’ over-allotment option is exercised in full, Fluidigm could receive net proceeds of $81.9 million.
The firm initially filed for the IPO in April. Morgan Stanley is the book-running manager for the offering, with UBS, Leerink Swann, and Pacific Growth Equities acting as co-managers.