The firm, which makes enzymes used in the production of pharmaceuticals and biofuels, has filed several IPOs during its seven year existence that were subsequently withdrawn.
Now however, according to documents filed with the US Securities and Exchange Commission last Friday, the California, US-based company has made some 6m shares available to investors for between $13 and $15 each.
Despite deriving a significant amount of its business from oil companies like Shell and Chevron, Codexis also counts firms like Pfizer, Merck and Teva among its drug industry customers.
More recently the firm partnered with active pharmaceutical ingredient (API) maker Ampac Fine Chemicals and Indian contract research and manufacturing services (CRAMS) group Dishman.