Wednesday, May 23, 2007

Imperium Renewables Files For IPO

Seattle, Washington-based Imperium Renewables filed for an IPO Wednesday, saying in a filing with the SEC that the firm is looking to raise up to $345M in an IPo on the NASDAQ Global Market. The firm, which said it has applied to list as IMPR on the exchange, designs, builds, and operates biodiesel production facilities. The firm's IPO is being underwritten by Morgan Stanley, Lehman Brothers, UBS Investment Bank, Jefferies & Company, Piper Jaffray, and Calyon Securities. The firm is backed by Technology Partners, Nth Power, and BlackRock. In the company's IPO filing, the company said it had a net loss of $2.8M on sales of $1.4M in the first three months of 2007.