Fluidigm Discloses Listing Price

Fluidigm plans to list on the NASDAQ exchange. Dow Jones reported on January 13 that the company had raised almost $8.8 million in financing, consisting of $4.8 million in promissory notes and a $4 million line of credit.

Washington, DC 1/20/11; Washington, DC 1/28/11—Fluidigm has announced in a filing with the SEC that it will offer 5.17 million shares of its common stock in its IPO (see IBO 12/15/10). The IPO price will be $13.50–$15.50 per share. Based on an offering price of $14.50, the company estimates raising $68.3 million, of which $15 million will go toward sales and marketing. After the offering, the company will have 18.59 million shares outstanding, or 19.37 million if the underwriters exercise their over-allotment option. Earlier this month, the company raised $5 million through the sale of debt, options and securities.

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