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Algae company Solazyme makes strong Nasdaq debut
Source : reuters.com
San Francisco-based algae company Solazyme had a strong IPO on Friday, selling 11 million shares at $18 each to raise about $198 million. The IPO is noteworthy because Solazyme is the first algae-to-fuels company of real stature to list on a major public market. In the first day of trading shares rose above $21 before closing at $20.71. The price continud to climb in today's trading to an afternoon price of $22.50. The strong early performance also shows there's continued investor interest in cleantech companies. Solazyme's IPO follows on the success of two other bioenergy IPOs in the last year: Gevo and Amyris.
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6 June 2011 |
Economy ::
Biomass ::
United States & Canada
The information in this section is subject to a disclaimer.
Articles on the topic of biomass (72 articles)
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