Paul Hastings Advises Gevo on $107 Million NASDAQ IPO
San Diego, CA (February 14, 2011) - Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that the firm has advised Gevo, Inc., a U.S.-based developer and manufacturer of renewable chemicals and biofuels, on the companys $107 million initial public offering (IPO) of 7,150,000 shares of common stock priced at $15.00 per share. Trading on the NASDAQ started February 9, 2011.
The offering, which was backed by venture capital fund Khosla Ventures and the Richard Branson-backed private equity firm Virgin Green Fund, priced at the top of the range. Proceeds will be used to acquire ethanol plants and convert them to produce isobutanol, a biomass fuel.
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