Khosla-backed Gevo raises $107 million in biofuels IPO

GreenBeat.com
February 9, 2011 Iris Kuo

Biofuels company Gevo raised $107 million in an initial public offering yesterday, pricing 7.1 million shares at $15 each.

The company, backed by venture capitalist Vinod Khosla and Virgin’s Richard Branson, sold the shares at the high end of its range of $13 to $15. Biofuels companies Amyris and Codexis IPO’d last year, but at the low ends of their ranges. Gevo originally filed last summer for a $150 million IPO but scaled down its intentions in a filing last month to $100 million.

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