August 11, 2010

PetroAlgae to file for IPO

Florida-based PetroAlgae is preparing for its initial public offering (IPO) as the company announced today its S-1 filing with the Securities and Exchange Commission (SEC).

The number of shares to be offered and the price range for the offering have not been announced but according to the filing, PetroAlgae hopes to get a maximum of $200m from the IPO.

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