Gevo is officially a public company. The biofuel maker priced its shares at $15 — at the high end of its range — raising $95.7 million after offering expenses, and in morning trading Gevo shares are rising.
One of the possible greentech IPOs on the horizon is looking a bit bullish. This week next-gen biofuel producer Amyris amended its S-1 saying it plans to raise up to $122 million in an IPO, up slightly from its previously planned max offering of $100 million.
Next-gen biofuel developer Gevo inspired chatter in the greentech world last week when it filed its S-1, planning to raise up to $150 million in an IPO. But a Lux research analyst thinks Gevo will likely raise closer to between $80 million and $100 million.
Biofuel startup Gevo, which is backed by Khosla Ventures and Virgin Green Fund, filed to raise up to $150 million in an IPO late yesterday. Here’s what you need to know about Gevo’s financials, its commercialization plan, its partnerships and its backers.
Yet another biofuel startup has filed for an IPO this week, and this time its backers are Silicon Valley heavyweights. On the heels of PetroAlgae filing its S-1, Gevo, which is backed by Khosla and Virgin Fund, plans to raise up to $150 million in an IPO.
Cobalt Biofuels has raised $25 million in Series C funding for its biobutanol production process. The Mountain View, Calif.-based biofuel startup plans…