Fluidigm Files for IPO

Founded in 1999, Fluidigm introduced its first product in 2002. The company currently offers three systems based on its microfluidic IFC technology (see IBO 6/15/07) and plans to introduce its 96.96 BioMark IFC later this year.

South San Francisco, CA 4/16/08—Fluidigm, which develops, manufactures and sells Integrated Fluidic Circuit systems (IFCs) for life science research, has filed for an IPO on the NASDAQ stock exchange. The number of shares to be offered and the price have not yet been determined. According to the filing, in 2007, Fluidigm’s revenues increased 19.9% to $7.7 million and operating loss declined from $21.7 million to $16.5 million. Sales to North America, Europe and Asia represented 54%, 17% and 29% of product revenues, respectively, last year. At the end of 2007, the company’s accumulated deficit was $133.8 million.

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