10 May 2013 14:15 [Source: ICIS news]
HOUSTON (ICIS)--Shares of BioAmber’s initial public offering (IPO) are scheduled to start trading on Friday morning on the New York Stock Exchange under the symbol "BIOAU", the US-based renewable chemicals firm said.
BioAmber’s IPO comprises 8m units consisting of one share of common stock and one warrant to purchase half of one share of common stock.
The pricing is $10.00/unit (€7.70/unit), before underwriting discounts and commissions. Each warrant will be exercisable at an exercise price of $11.00 per whole share of common stock.
BioAmber also plans to list its common stock on the "Professional Segment" of the regulated market of NYSE Euronext in Paris under the symbol "BIOA". This offering is expected to close on 14 May, the company added.
BioAmber is focussed on converting renewable feedstocks into chemicals such as succinic acid and 1,4-butanediol.
($1 = €0.77)
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