Article: Taste Technology Firm Senomyx Goes Public With $36M Offering.

Senior Staff Writer

Senomyx Inc. hit the public markets after pricing a $36 million initial public offering.

The La Jolla, Calif.-based company, which is developing flavor-enhancing products, sold 6 million shares at $6 apiece in its IPO. And like other biotech companies that have gone public in recent months, the offering came in below early expectations. Three months ago, Senomyx filed to raise $97.75 million, and soon after proposed a per-share price range of $13 to $15.

The company's shares gained some value over the course of their first day on the market. The stock (NASDAQ:SNMX) picked up 12.5 percent Tuesday, gaining 75 cents to close at ...

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