Enerkem offering 7.25 million shares in IPO
Bloomberg // Mar 19, 2012Enerkem, a Canadian-based firm focused on producing biofuels from waste, has filed paperwork to indicate the pricing of its IPO. Enerkem is seeking up to $137.8 million. Bloomberg reports:
Enerkem plans to use the proceeds from the IPO to build a commercial facility that makes ethanol in Edmonton, Alberta, and to fund other sites in the U.S. and Canada.