BioFuel Energy goes public

By | June 05, 2007
Denver-based ethanol company BioFuel Energy recently filed an amended initial public offering with the U.S. Securities and Exchange Commission (SEC). The company will now offer 9.5 million shares for between $16 and $18 per share with a proposed maximum return of $196.6 million. BioFuel Energy has applied for the NASDAQ symbol "BIOF." The company is currently in the process of building two 115 MMgy plants in Nebraska and Minnesota. Construction of a third plant is expected to start later this year. Three additional sites are being developed for potential plant construction. At press time, the company was in a silent period with the SEC and couldn't comment on the details of the offering.