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US-based Aurora Algae is all set to raise an additional US$100 million from private investors ahead of a probable share market listing. The funds will be used to build a facility producing commercial quantities of biodiesel for use in mining trucks and other byproducts from algae, in Karratha, Australia. The company has forged a supply [...]
Now, Solazyme has become the world’s first billion-dollar algae fuel maker with a whooping 15% increase in its issue price on its stock market debut. The company is also under development agreement with Quantas to pursue a potential algae-based jet fuel. It is noteworthy to mention that though the algae based fuel developing technologies are [...]
Solazyme, Inc. announced the estimated share price for its IPO in the Nasdaq Global Market, raising its offering to $183.5 million, almost double the figure filed in March. The company tries to sell about 10 million shares @ $15 to $17 a share. If Solazyme succeeds in this, it would give the company a market [...]
Solazyme has hired four banks to underwrite its upcoming $100 million Initial Public Offering (IPO). The company launched in in 2003 has raised over $128 million in VC funding Morgan Stanley, Pacific Crest Securities, Goldman Sachs and Lazard Capital Markets will be underwriting the upcoming $100 million IPO of Solazyme, the developer of algae-based biofuels. [...]
Algae.tec Limited, which has secured the exclusive global rights to a pioneering highly-efficient algae growth and harvesting system that produces algal products such as algal oil and biomass announced two MOUs deploy the algae technology in China and Australia. Algae.Tec is currently undertaking an Initial Public Offering by way of a prospectus dated 16 July [...]
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