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Securities

Oct. 30, 2010

Biotech's IPO Bucks Cool Market Trend

The $200 million initial public offering completed Wednesday by Pacific Biosciences of California Inc. hit right in the middle of its capital-raising target.


By Mandy Jackson


Daily Journal Staff Writer


The $200 million initial public offering completed Wednesday by Pacific Biosciences of California Inc. hit right in the middle of its capital-raising target.


The company, which makes DNA-sequencing technology for biotech researchers, was advised by Larry W. Sonsini and Donna M. Petkanics at Wilson Sonsini Goodrich & Rosati in the sale of 12.5 million shares for $16 each, raising $182.5 million af...

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