Solazyme Files for $100 Million IPO
Solazyme Proposes $100 Million IPO and Nasdaq Global Market Listing
March 14, 2011 - Greenwood Village, Colorado - On March 11, 2011, one of Keating Capital, Inc.'s portfolio companies, Solazyme, Inc., filed an S-1 registration statement to go public through a $100 million initial public offering of its common stock. Solazyme intends to list its shares on the Nasdaq Global Market under the symbol "SZYM." Morgan Stanley and Goldman, Sachs & Co. are acting as lead underwriters.
Keating Capital made a $1 million investment in Solazyme in July 2010.
Solazyme is based in San Francisco, California, and is a leader in the development and commercialization of algal oil and bioproducts for the fuels and chemicals, nutrition, and skin and personal care markets.
About Keating Capital, Inc.
Keating Capital, Inc. (www.KeatingCapital.com) is a business development company that specializes in making pre-IPO investments in innovative, high growth private companies that are committed to and capable of becoming public. Keating Capital provides individual investors with the ability to participate in a unique fund that invests in a private company's late stage, pre-IPO financing round - an opportunity that has historically been reserved for institutional investors.
FOR IMMEDIATE RELEASE
Margie L. Blackwell
Investor Relations Director
Keating Capital, Inc.
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