initial public offerings (IPOs) trading on American exchanges

Friday, December 30, 2011

Solazyme (SZYM) looks good today

  • Solazyme officially changed its name to TerraVia Holdings Inc. in March 2016 with a redefined focus on food, nutrition, and personal care. As part of the change, the company stated that its previous fuel and industrial oil products and workings would operate under Solazyme Industrials.
  • On August 2, 2017, TerraVia filed for bankruptcy protection under Chapter 11. The company announced a "stalking horse" offer from Corbion, N.V., a Netherlands food and biochemical company.  The offer values TerraVia's assets at $20 million.  By comparison, Solazyme's IPO raised over $197 million.

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