Friday, June 24, 2011

KiOR Prices IPO, To Debut Today

Pasadena, Texas-based KiOR, the developer of cellulosic biofuels technology, priced its IPO last night at $15.00 per share. The firm will begin trading on the NASDAQ Global Select Market as KIOR this morning. The firm priced below its estimated trading range of $19.00 to $21.00 pe share. The firm said the offering earns the company $150M. KiOR is venture backed by Khosla Ventures, Artis Capital Management, Alberta Investment Management Corporation, and others.