The Alexandria Real Estate Equities-backed plant breeder has filed to go public, having raised $189m in equity and debt financing.
US-based plant-breeding technology developer Cibus has filed to raise up to $100m in an initial public offering that will enable life sciences property manager Alexandria Real Estate Equities to exit.
Cibus uses gene-editing technology to breed agricultural crops with more desirable traits, without utilising foreign genetic material. It made a $25.2m net loss in the first nine months of 2018 from $2.6m in revenue.
The company has developed rice, potato, flax and canola crop platforms, and the IPO proceeds…
