University of Minnesota spinout Calyxt has entered the public markets in a flotation that resulted in the share price climbing from $8 to $11.25 on the first day of trading.
US-based agtech producer Calyxt went public yesterday after an initial public offering that netted the University of Minnesota spinout a total of $56m in proceeds.
Calyxt has floated on Nasdaq, under the ticker symbol CLXT. The company had priced seven million shares at the low end of its range at $8, but saw them rise to $11.25 by the end of day.
Founded in 2010 as Cellectis Plant Sciences, Calyxt has developed gene editing technology for plants to create healthier…
