Fulgent Genetics (FLGT) IPO Opens Modestly Higher

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Fulgent Genetics, Inc. Announces Pricing of Initial Public Offering

September 28, 2016 7:01 PM EDT

TEMPLE CITY, Calif., Sept. 28, 2016 (GLOBE NEWSWIRE) -- Fulgent Genetics announced today the pricing of its initial public offering of 4,200,000 shares of its common stock at a public offering price of $9.00 per share, before underwriting discounts and commissions. Fulgent Genetics has granted the underwriters a 30-day option to purchase up to an additional 630,000 shares from the company at the same price. The shares are expected to begin trading on The NASDAQ Global Market on September 29,... More