Solazyme (SZYM) IPO Jumps Higher

May 27, 2011 11:01 AM EDT
The IPO for Solazyme (Nasdaq: SZYM) is open for trading. Shares opened at $20 after pricing 10.975 million shares at $18 per share late last night, above a previously expected range of $15-$17 per share.

The offering is being made through Morgan Stanley, Goldman Sachs, Pacific Crest, Jefferies, and Lazard Capital Markets.

Solazyme, Inc. is a renewable oil and bioproducts company that transforms a range of low-cost plant-based sugars into high-value oils.

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