DoubleTwist Prices IPO as Analysts Differ On Importance of Stock Market Volatility | GenomeWeb

Amidst all the turbulence racking the stock markets, DoubleTwist of Oakland, Calif., set the price for its upcoming initial public offering. The company hopes to sell 5 million shares in a price range of $13 to $15 to raise from $65 million to $75 million, according to the company’s most recent filing with the US Securities and Exchange Commission.

By comparison, the Double- Twist price range is lower than those of other recent bioinformatics IPOs — InforMax ($14-$16) and Genomica ($19).

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