Fluidigm IPO Review: Finance Trading Times

Fluidigm IPO Review

Fluidigm Corporation, is in the business of making equipments, tools and systems which are used in controlling fluids for life science research.
This company is planning to come out with an IPO or initial public offering and has filed for the IPO with the SEC or the Securities and Exchange.

There is no news about the expected price of the Fluidigm IPO shares, but as per the SEC filing by Fluidigm, the total money raised could be in the range of excess of $86 million. However, it is only an indication for the SEC filing and the price per share may change based on the valuations of Fluidigm stock at the later stage.

The beauty of Fluidigm technology is that the research requires the complex measurements on samples which may be smaller than the size of a single cell.The equipments and systems provided by Fluidigm enable the researcher to perform such complex measurements with pin point accurancy.

Where does the Fluidigm valuation and financial results stand?
The company is running in losses. In 2007, Fluidigm's loss widened to $25.5 million, from $23.6 million in the prior year. The company's revenue increased to $7.3 million, from $6.4 million in 2006.
Fluidigm accepts that there may be losses in the near future as well .Fluidigm also noted it has identified certain significant deficiencies in its internal control over financial reporting.

Where will the Fluidigm IPO proceeds or capital raised be used?
The company plans to use the net proceeds from the offering to grow its sales force, commercialize its products, continue research and development, expand its facilities and manufacturing operations and for working capital and other general corporate purposes. Fluidigm said it may also use some proceeds for future acquisitions.
Morgan Stanley, UBS and Leerink Swann have been appointed as the IPO's lead underwriter. Fluidigm will list its shares on the Nasdaq Global Market under the symbol "FLDM." Table of Contents
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