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Intrexon Closes Succesful IPO

Monday, August 19, 2013  
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Intrexon closed its initial public offering last week raising $184 million in gross proceeds.  The company went public on August 8, trading under the symbol XON.


The synthetic biology firm, that relocated the Roanoke region in 2004, sold about 11.5 million shares of its common stock at $16 per share. About 10 million shares were sold as part of the initial offering, and another 1.5 million shares were sold to the underwriters of the offering as part of their overallotment option.  Of that investment, approximately $30 million came from Randal J. Kirk, CEO of Intrexon.


The stock more than doubled during its first week on the market, topping at over $29 per share.

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