Myriant files $ 125 million IPO

Myriant files for $ 125 million IPO

4:26 PM, 21st June 2011
Myriant files for $ 125 million IPO

QUINCY, US: Myriant Corporation, a low-cost producer of biochemicals that substitute for petroleum-based industrial chemicals, revealed Friday in a regulatory filing with the SEC that it will raise up to $ 125 million in an initial public offering (IPO). The pricing terms were not disclosed. The biofuels firm, plans to list on NASDAQ under the symbol ‘MYRT.’

The company told the US SEC in a preliminary prospectus that J P Morgan, Citi, UBS Investment Bank and Piper Jaffray were underwriting the IPO.

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