Monday, August 2, 2010

OVP Portfolio Firm Files For IPO

One of the portfolio firms of OVP Venture Partners has filed for an IPO. According to an S-1 filing Friday, California-based Complete Genomics, a provider of human genome sequencing products, is looking to raised up to $86.25M in an IPO. The firm is hoping to trade on the Nasdaq as GNOM. Complete Genomics' other backers are Essex Woodlands Health Ventures, OrbiMed Advisors, Enterprise Partners Venture Capital, Prospect Venture Partners and Highland Capital Management. OVP owns around 1.48M shares of Complete Genomics' common stock.