April 23, 2010 (FinancialWire) — Codexis, Inc. (NASDAQ: CDXS) has priced its initial public offering of six million shares of its common stock, at $13 per share. All shares are being sold by the company.

Codexis has granted the underwriters an option to purchase up to an additional 900,000 shares at the initial public offering price to cover overallotments, if any. Credit Suisse Securities (NYSE: CS) is acting as the book-running manager.

California-based Codexis, Inc. is a provider of optimized biocatalysts designed to make existing industrial processes faster, cleaner and more efficient than current methods. Codexis said it has commercialized its biocatalysts in the pharmaceutical industry and is developing biocatalysts for use in producing advanced biofuels under a multi-year research and development collaboration.

The company said it is also using its technology platform to pursue biocatalyst-enabled solutions in other bioindustrial markets, including carbon management, water treatment and chemicals.

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