CLXT - IPO Update: Cibus Aims For $100 Million U.S. IPO
Quick Take
Cibus (CBUS) intends to raise $100 million in an IPO of its Class A stock, per an amended regulatory filing.
The company has created plant trait development technology that provides a potentially safer and more precise way to genetically modify plants.
CBUS is staking its reputation for worldwide licensing opportunities on its first product launch, SU Canola, in North America.
Company & Technology
San Diego, California-based Cibus was founded in 2001 to develop proprietary plant and microbial breeding technologies that enable precise and predictable changes to be made in plants