Coskata confirms it has dropped its IPO plans

July 24, 2012 |

In Illinois, Coskata has confirmed that it is dropping its IPO after acknowledging last week $100 million in private placement and switching its feedstock focus to natural gas when it alluded to Biofuels Digest that it might pass on its IPO. The highly volatile nature of the IPO market, with Facebook and other biofuel technology darlings as examples of crash-and-burns post-IPO, was one of the main reasons for seeking out funding in other ways.

Category: Fuels

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