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:
BLACKSBURG, VA -

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.

  • Most Popular StoriesMost Popular StoriesMore>>

  • April Mugshots

    April Mugshots

    Tuesday, April 22 2014 2:42 PM EDT2014-04-22 18:42:32 GMT
    Thomas Allen WinstonThomas Allen Winston
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
  • March Mugshots

    March Mugshots

    Monday, April 7 2014 12:49 PM EDT2014-04-07 16:49:38 GMT
    Michelle Marie Bussiere was arrested last week and charged with identity theft, forgery, theft under $500, among other charges.  (Source: Sullivan County Sheriff's Office)Michelle Marie Bussiere was arrested last week and charged with identity theft, forgery, theft under $500, among other charges. (Source: Sullivan County Sheriff's Office)
    This photo gallery features mugshots of individuals arrested in northeast Tennessee and southwest Virginia. 
    This photo gallery features mugshots of individuals arrested in northeast Tennessee and southwest Virginia. 
  • Pineda says he'll learn from ejection for pine tar

    Pineda says he'll learn from ejection for pine tar

    Thursday, April 24 2014 3:45 AM EDT2014-04-24 07:45:37 GMT
    The pine tar glistened on Michael Pineda's neck, improving his grip and inviting trouble.
    The pine tar glistened on Michael Pineda's neck, improving his grip and inviting trouble.
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.