Beijing Genomics Institute (BGI) Rumored To Stage $400 Million IPO In Late 2014

by Richard Daverman, PhD

February 24, 2014 -- BGI Tech is planning a $400 million IPO in Hong Kong late in 2014. BGI Tech is a division of Shenzhen’s huge genomic sequencing company BGI. The Tech division, which is reponsible for a majority of the parent company's income, provides contract sequencing and bioinformatics services to pharmas, agricultural and environmental companies. The IPO has been rumored since last September. Even though the offering has not yet been officially confirmed, details are starting to emerge. More details....

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