Al Energy set for AIM IPO on Christmas Eve

In Thailand, Al Energy expects it will be able to produce 20% more biodiesel after securing funds via its IPO on the Alternative Investment Market set for Christmas Eve. At the moment, the company produces more than 1,100 metric tons of biodiesel from palm oil per day. About 275 million shares will be offered to existing investors at the IPO while 195 million shares will be offered to the public with trading set to start on Jan. 6.