Wednesday, January 19, 2011

Gevo Sets IPO Offering Range

Englewood, Colorado-based Gevo, which develops biofuels technology, has set its expected offering range for its IPO. In a filing with the SEC Wednesday, the firm said it is looking to sell 7,150,000 shares of its common stock at between $13.00 and $15.00 per share. The firm has applied to list on the Nasdaq Global Market as GEVO. The IPO is being underwritten by UBS Investment Bank, Piper Jaffray, Citi, and Simmons & Company International. Gevo is headed by Patrick Gruber, and is venture backed by Khosla Ventures, Virgin Green Fund, Total Energy Ventures, Burrill Life Sciences Capital Fund, Malaysian Life Sciences Capital Fund, and LANXESS, among others.