Deal sells common shares with $10.8 million greenshoe
By Devika Patel
Knoxville, Tenn., Jan. 19 - Renewable Energy Group, Inc. said it priced a $68.57 million initial public offering of stock with a $10.8 million greenshoe. The company's shares began trading on the Nasdaq exchange Thursday under the symbol "REGI."
The company is selling 6,857,140 common shares at $10.00 per share. The price per share is identical to the Jan. 18 closing share price.
The deal is being conducted by joint bookrunners UBS Securities LLC and Piper Jaffray & Co. William Blair & Co., LLC, Stifel, Nicolaus & Co., Inc. and Canaccord Genuity Inc. are co-managers.
Renewable Energy is a biodiesel producer in Ames, Iowa.
| Issuer: | Renewable Energy Group, Inc.
|
| Issue: | Common stock
|
| Amount: | $68,571,400
|
| Greenshoe: | $10.8 million
|
| Shares: | 6,857,140
|
| Price: | $10.00
|
| Warrants: | No
|
| Bookrunners: | UBS Securities LLC and Piper Jaffray & Co.
|
| Pricing date: | Jan. 19
|
| Stock exchange: | Nasdaq: REGI
|
| Stock price: | $10.00 at close Jan. 18
|
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