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Arcadia Biosciences Launches Initial Public Offering

Friday, May 1, 2015 5:01:00 AM PDT | VentureDeal
   Davis, California  --  Arcadia Biosciences announced the commencement of its initial public offering (IPO).

Arcadia sold 7.15 million shares of its common stock at between $13 and $15 per share.

The company also granted the underwriters a 30 day option to purchase up to an additional 1,072,500 shares of its common stock.

Arcadia is commercializing agriculture-based technologies that promise to "create value for growers and consumers while benefiting the environment and enhancing human health.

Arcadia will list its common stock on the NASDAQ Global Market under the symbol RKDA

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