Energy crop company Ceres, Inc announced yesterday the pricing of its initial public offering of 5,000,000 shares of common stock at $13.00 per share. The common stock is expected to begin trading on the NASDAQ Global Market on February 22, 2012 under the ticker symbol “CERE.” The underwriters have been granted a 30-day option to purchase up to an additional 750,000 shares of common stock from Ceres. The offering is expected to close on February 27, 2012, subject to customary closing conditions. All shares are being offered by Ceres.
Ceres, Inc is an agricultural biotechnology company that markets seeds for energy crops used in the production of renewable transportation fuels, electricity and bio-based products. Its development activities include sweet sorghum, high-biomass sorghum, switchgrass and miscanthus. Ceres markets its products under its Blade Energy Crops brand.
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