Tuesday, October 30, 2007

Genoptix Raises $85M In IPO

Carlsbad-based Genoptix, a provider of laboratory services for health clinics, has raised $85M in an IPO. Genoptix sold 5M shares of its stock at $17.00 per share Monday on the Nasdaq under the symbol GXDX. The firm's IPO was underwritten by Lehman Brothers, Banc of America Securities, and Cowen and Company; the firm is venture backed by Enteprise Partners, Chicago Growth Partners, William Blair, Alliance Technology Ventures, Tullis-Dickerson, and Excelsior Venture Partners.