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Effective today, The ROBERT | CHARLES Group is discontinuing our postings and links to content and news for investing in worldwide cap and trade and sustainable energy markets. This blog will be phased out in the coming days and weeks.

Thursday, January 19, 2012

Biodiesel IPO misses price target

Environmental Finance | News | Renewable Energy Group IPO misses target

Renewable Energy Group, the largest producer of biodiesel in the US, has raised $72 million in its initial public offering (IPO), only about two thirds of its target. The 7.2 million shares were priced at $10.00 each, below the $13-15 bankers for the company, based in Ames, Iowa, initially proposed. It will start trading on the Nasdaq Global Market today.
Posted by at 2:15 PM
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