Gene-edited seed developer Cibus officially withdraws $100 million IPO

Cibus, which is developing gene-edited crop traits for the global seed industry, officially withdrew its plans for an initial public offering on Friday. It had filed to raise $100 million by offering 6.7 million shares at a price range of $14 to $16.

 

The San Diego, CA-based company was founded in 2001 and booked $3 million in sales for the 12 months ended September 30, 2018. It had planned to list on the Nasdaq under the symbol CBUS. Morgan Stanley, BofA Merrill Lynch and Piper Jaffray were set to be the joint bookrunners on the deal.