Blacksburg-based bio-medical company files to raise $125 million - WSLS 10 NBC in Roanoke/Lynchburg Va

Blacksburg-based bio-medical company files to raise $125 million in IPO

Posted: Updated:

Intrexon has filed for an IPO, an initial public offering, hoping to take company from private to public.

Intrexon with other companies in medicine, animal science, and agriculture to engineer biological products and processes.

The goal is to raise a maximum of $125 million in the offering. Though, we're told it's a figure that could change.

In 2011, the firm had revenue of $5.7 and increased to $13.9 million by 2012.

The group also raised $150 million from financial backers bringing total venture capital to $509 million.

Blacksburg financial advisor Nick Flaherty says applying for an IPO means a company wants to generate money and growth with the end goal of hoping to expand.

He says companies have seen ups and downs from this type of financial move.

"It can be good for the community. When Google became public 9 years ago, the share price were around $100 a share and now it's approaching $900 a share, but there's also been bad ones. Facebook a year and a half ago came out 30 share and immediately dropped to $18," financial advisor, Nick Flaherty says.

The potential for growth with the company becoming public could have great impact on our local economy.

  • Cab driver records multiple verbal threats from airport police officer

    Cab driver records multiple verbal threats from airport police officer

    Cab driver records multiple verbal threats from airport police officer

    Wednesday, September 17 2014 12:53 AM EDT2014-09-17 04:53:54 GMT
    Geoff Campbell now sits in Sam's Club parking lot waiting for flights after alleged verbal threats.Geoff Campbell now sits in Sam's Club parking lot waiting for flights after alleged verbal threats.
    ROANOKE (WSLS) -What started out as trying to get their fair share of business from travelers at the Roanoke-Blacksburg Regional Airport has now turned personal for B. Early Cab Company after employees there say they were threatened by airport police .''You're a lousy cab driver and a total piece of ****. “That's just the beginning of a series of degrading remarks made on the recording that cab driver Geoff Campbell says he secretly recorded on his iPhone.“You're a total piece of **** and a p...
    ROANOKE (WSLS) -What started out as trying to get their fair share of business from travelers at the Roanoke-Blacksburg Regional Airport has now turned personal for B. Early Cab Company after employees there say they were threatened by airport police .''You're a lousy cab driver and a total piece of ****. “That's just the beginning of a series of degrading remarks made on the recording that cab driver Geoff Campbell says he secretly recorded on his iPhone.“You're a total piece of **** and a p...
  • William Byrd High School pageant to raise money for Dancing with the Valley Stars

    William Byrd High School pageant to raise money for Dancing with the Valley Stars

    Tuesday, September 16 2014 11:44 PM EDT2014-09-17 03:44:38 GMT
    Dancing with the Valley Stars is less than two months away and in the meantime dancers are raising money for the Turning Point Women's Shelter.
    Dancing with the Valley Stars is less than two months away and in the meantime dancers are raising money for the Turning Point Women's Shelter.
  • Residents rally against proposed pipeline in Nelson County

    Residents rally against proposed pipeline in Nelson County

    Tuesday, September 16 2014 11:40 PM EDT2014-09-17 03:40:58 GMT
    Dozens of people attended an public meeting in Nelson County to learn more about a proposed pipeline. 
    Dozens of people attended an public meeting in Nelson County to learn more about a proposed pipeline. 
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.