Tuesday, September 27, 2016
Fulgent Genetics Poised For IPO On Wednesday
Ming Hsieh, the founder of Fulgent Genomics, former founder of Cogent, and namesake of the University of Southern California's Mind Hsieh Department of Electrical Engineering--looks to be having two big events in the next month; a possible IPO of Fulgent Genomics on the NASDAQ Global Market on Wednesday, and the ten year anniversary of the naming of USC's EE department after him. According to the NASDAQ IPO Calendar, Fulgent is poised to have its IPO on Wednesday, meaning that it most likely will price its IPO tonight after the markets close, if all goes well. Hsieh--who holds the majority shares in Temple City-based Fulgent--is being honored by USC for the 10th anniversary of his gift to USC in the next few weeks. USC's Ming Hsieh Department of Electrical Engineering has been sending out some well-timed invitations to alumni and others to a special 10th anniversary event, just as Fulgent is expected to hit the market. Hsieh made his fortune when he sold Cogent to 3M back in 2010, in a $943M deal. Hsieh has two degrees in Electrical Engineering from USC.
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