Microlin Cuts IPO Target Price Range Again | GenomeWeb

NEW YORK (GenomeWeb) – Just days after cutting the proposed price range for its stock in a planned initial public offering, Microlin Bio has once again slashed the proposed offering price for its shares by $2 to between $4.50 and $5.50.

As reported by Gene Silencing News, the company first filed to go public on the Nasdaq in February, disclosing that it hoped to get between $6 to $8 a share for 3.6 million shares total. A few months later, it raised that range to $10 to $12, with the goal of floating 2.7 million shares.

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