Elevance Renewable withdraws initial public offering

Elevance Renewable withdraws initial public offering

6:57 AM, 5th September 2012
Elevance Renewable withdraws initial public offering

WOODRIDGE, US: Elevance Renewable Sciences Inc has withdrawn the registration statement filed with the US Securities and Exchange Commission on 21 September 2011 related to a proposed initial public offering of shares of its common stock. The withdrawal is based on the addition of its recently announced Series E financing and current equity market conditions.

On 10 July 2012 Elevance announced that it raised $104 million in its Series E financing round. Lacustrine Limited via Genting Genomics Limited, wholly owned by Genting Berhad, led the round. Total Energy Ventures International, based in Paris, France also participated in the financing.

© WOC News 



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Perstorp forms distribution partnership with Alcouro in Brazil

PERSTORP, SWEDEN: Following the overall review of Perstorp’s use of sales channels and stronger focus on South American activities, the company ...

Read more
Enterprise Gulf coast assets resume operations; No major damage reported

HOUSTON, US: Enterprise Products Partners LP personnel have been redeployed to its onshore and offshore facilities affected by Hurricane Isaac and t ...

Read more
GVA signs tailor-made drilling unit fabrication agreement in Korea

HOUSTON, US: KBR’s subsidiary GVA signed a license agreement with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in Korea for fabric ...

Read more
Dow’s new business structure to support future growth

MIDLAND, US: Dow Chemical is introducing a new business structure and executive leadership appointments. Effective immediately, the company will elimi ...

Read more
Jacobs, Spiral Solutions receive Ogden Air Logistics Centre contract

PASADENA, US: Jacobs Engineering Group along with Spiral Solutions and Technologies received Mission Planning Support Contract (MPSC II), from the O ...

Read more
Lanxess to build world’s largest EPDM plant in China

SHANGHAI, CHINA/LEVERKUSEN, GERMANY: Lanxess is building the world’s largest plant for ethylene propylene diene monomer (EPDM) synthetic rubber ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X