ARTICLE | Financial News

Pacific Biosciences sets IPO range

October 5, 2010 11:44 PM UTC

Pacific Biosciences Inc. (Menlo Park, Calif.) amended its IPO and hopes to sell 12.5 million shares at $15-$17. A $16 price would raise $200 million and value the company at $817.8 million. On Friday, the company amended its IPO to raise up to $230 million. Pacific Biosciences filed in August to raise up to $200 million in an offering underwritten by JPMorgan; Morgan Stanley; Deutsche Bank; and Piper Jaffray. ...