In Iowa, the Renewable Energy Group IPO is scheduled to price tomorrow, with a price range of $13-$15 and total proceeds of up to $120 million. At a mid-point range of $14 per share, the company will have a market capitalization of $400 million.
If successful, the company’s IPO will be the sixth successful IPO in a wave of filings that began with Codexis, and includes Solazyme, Amyris, KiOR and Gevo.
The company’s shares will thereafter begin to trade under the REGI symbol on the NASDAQ exchange.
More background on the story from the Digest
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