In an SEC Filing on Friday evening, a company called Renewable Energy Group, Inc. has decided to come public via an IPO. The stock will have the proposed ticker of "RWE" on NYSE. Credit Suisse and Goldman Sachs are listed as lead underwriters, with Bank of America and Thomas Weisel listed as co-managers. It has filed to sell up to $150 million in securities.
Renewable Energy is what it believes to be the largest operator, marketer and distributor of biodiesel in the U.S. under the SoyPOWER® brand. During 2006, it marketed approximately 78 million gallons of biodiesel, representing what it shows to be approximately 27% of U.S. biodiesel sales. It operates a 132 million gallon network of biodiesel production facilities, currently consisting of one facility owned by the company and four facilities owned by third parties. In addition to the 5 plants in operation, it has 4 more under construction.
Jon C. Ogg
July 16, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.