Evogene IPO $60 M

Evogene Ltd. (TASE: EVGN) has filed a registration statement with the U.S. Securities and Exchange Commission for a $60 million public offering of its ordinary shares in the United States. Evogene has applied to have its ordinary shares listed on the New York Stock Exchange under the ticker symbol “EVGN.” Rehovot-based Evogene develops genetically enhanced seeds to elevate crop performance and productivity. It posted $18 million revenue

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in the 12 months through June 2013. Evogene is currently focusing on developing advanced breeding improved traits for corn, soybean, cotton, canola, rice and wheat, as well as castor for the production of biofuel.

The company has over 3,000 novel genes under granted or pending patents.

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