Gevo, Inc. Announces Pricing of Initial Public Offering
February 09 2011 - 7:00AM
Business Wire
Gevo, Inc. announced today the pricing of its initial public
offering of 7,150,000 shares of its common stock, at $15.00 per
share. The net proceeds to the Company from this offering are
expected to be $95.7 million, after deducting underwriting
discounts and other estimated offering expenses. All shares are
being sold by the company. Gevo has granted the underwriters an
option to purchase up to an additional 1,072,500 shares at the
initial public offering price to cover overallotments, if any. The
common stock will trade on the NASDAQ Global Market under the
symbol “GEVO.”
UBS Investment Bank, Piper Jaffray and Citi are acting as the
joint book-running managers, with Simmons & Company
International acting as a co-manager for the offering.
A registration statement relating to these securities has been
filed with, and declared effective by, the U.S. Securities and
Exchange Commission. This press release shall neither constitute an
offer to sell nor a solicitation of an offer to buy nor shall there
be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
This offering is being made only by means of a prospectus. A
final prospectus for the offering may be obtained from the
prospectus department of UBS Investment Bank, Attention: Prospectus
Department, 299 Park Avenue, New York, New York 10171, via
telephone at 1-888-827-7275; from the prospectus department of
Piper Jaffray, Attention: Prospectus Department, 800 Nicollet Mall,
Suite 800, Minneapolis, Minnesota 55402, via telephone at
1-612-303-8290 or email at prospectus@pjc.com; or from the
prospectus department of Citi, Brooklyn Army Terminal, 140 58th
Street, 8th Floor, Brooklyn, New York 11220, via telephone at
1-800-831-9146 or email at batprospectusdept@citi.com.
About Gevo
Gevo is developing capital efficient biorefinery systems to
provide renewable, cost-effective building block products to the
fuel and chemical industries. Gevo seeks to convert renewable raw
materials into isobutanol and renewable hydrocarbons that can be
directly integrated on a “drop in” basis into existing fuel and
chemical products to deliver environmental and economic benefits.
Gevo is committed to a sustainable biobased economy that meets
society’s needs for plentiful food and clean air and water. For
more information, visit www.gevo.com.
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