Texas-based cellulosic fuels company KiOR announces IPO pricing of 10 million shares at US$15/share; company had expected to sell shares for US$19-US$21/share
Rachel Carter
PASADENA, Texas
,
June 24, 2011
(press release)
–
KiOR, Inc., a cellulosic fuels company, today announced the pricing of its initial public offering of 10,000,000 shares of Class A common stock at a price to the public of $15.00 per share. In addition, KiOR has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock at the initial public offering price to cover over-allotments, if any. The Class A common stock will trade on The NASDAQ Global Select Market under the symbol “KIOR.”
Credit Suisse Securities (USA) LLC, UBS Securities LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering, with Piper Jaffray & Co., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. acting as co-managers.
A registration statement relating to this offering was declared effective by the Securities and Exchange Commission today. Any offer or sale will be made solely by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering may be obtained from:
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.