Waste-to-Chemical Co. Genomatica Looks to Raise $100 Million in IPO

Date: August 24, 2011

Source: Genomatica, Inc.

Genomatica, Inc. (San Diego, CA), which makes chemicals from renewable and waste feedstocks, wants to raise as much as $100 million in an initial public offering. According to its filing with the U.S. Securities and Exchange Commission, proceeds will be used for research and development, capital expenditures, joint ventures, working capital and other general corporate purposes. Genomatica has raised about $84 million from its current investors which include Waste Management, Mitsubishi, TPG, Draper Fisher Jurvetson, and Alloy Ventures. The company's technology reprograms E. coli bacteria to produce several chemicals using a range of feedstocks, not just corn like several key rivals. Morgan Stanley, J.P.Morgan, Jefferies, Piper Jaffray and Raymond James are underwriting the offering.

August 24, 2011

Genomatica Files Registration Statement for Proposed Initial Public Offering

Genomatica, Inc. announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock. All shares of the common stock to be sold in the offering will be offered by Genomatica. The number of shares to be offered and the price range for the offering have not yet been determined.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Jefferies & Company, Inc. will be joint book-running managers for the offering. Piper Jaffray & Co. will be a passive book-running manager and Raymond James & Associates, Inc. will be a co-manager for the offering. The offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to the offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York, 10014, or by email at prospectus@morganstanley.com, or from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, or by telephone at (866) 803-9204, or from Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York, 10022, or by telephone at (877) 547-6340, or by email at Prospectus_Department@Jefferies.com.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Genomatica

Genomatica is a technology leader for the global chemical industry. It delivers new, transformative manufacturing processes that enable its partners to produce intermediate and basic chemicals from renewable feedstocks. Intermediate and basic chemicals serve as the basis for making substantially all of the products that make modern life possible, and Genomatica's processes enable the production of the exact same chemicals that are at the core of the chemical industry.

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