Biofuels company Codexis raises $78M in IPO (Silicon Valley)
Biofuel maker Codexis Inc. priced at the bottom of its expected range in its second initial public offering attempt, raising about $78 million, according to a report late Wednesday.
Reuters reported that Redwood City-based Codexis sold 6 million shares for $13 each; the company said earlier it planned to sell at between $13 and $15 per share.
Market watchers were watching the IPO closely, hoping to gauge Wall Street's appetite for other big cleantech IPOs coming this year.
Waiting in the wings are Fremont-based solar panel maker Solyndra Inc.'s expected $300 million IPO and Palo Alto electric car maker Tesla Motors Inc.'s $100 million offering.
Read the full story in the Silicon Valley / San Jose Business Journal.
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