Thursday, August 12, 2010
Gevo Files For IPO
Englewood, Colorado-based Gevo, a developer of renewable chemicals and biofuels technology, has filed for an IPO. According to the firm's S-1, which was filed with the SEC Thursday, the firm is looking to raise up to $150M on the Nasdaq Global Market under the symbol "GEVO". The IPO is being undewritten by UBS Investment Bank, Goldman, Sachs & Co., and Piper Jaffray. The firm is backed by Khosla Ventures, Virgin Green Fund, Total Energy Ventures, Burrill Life Sciences Capital Fund, and the Malaysian Life Sciences Capital Fund. The firm reported it had a net loss of $7.8M for the three months ended March 31, 2010, on revenues of $330,000.