By Greg Hazley
Two Next Fifteen Communications Group units are handling PR and investor relations for Solazyme as the San Francisco-based algae fuel maker which went public May 27 with a nearly $200M IPO on Friday.
The Blueshirt Group, acquired by Next Fifteen in 2010, is working IR while The Outcast Agency handles PR. Genet Garamendi is VP of corporate communications for the company.
Solazyme priced its IPO at $18 per share, above an earlier estimate, and the company raised about $227M as shares surged on the debut.
The company said it will use the infusion to push its algae fuel technology to market as it sees applications for vehicle fuel, cosmetics and food. It posted first quarter revenue mostly from grants and research deals of about $7.8M.
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