Mascoma Withdraws its Big Biofuels IPO | Global AgInvesting

Mascoma Withdraws its Big Biofuels IPO

Mascoma Withdraws its Big Biofuels IPO

 

Despite funding from some of the premier venture capital firms in Silicon Valley, and raising more than $135 million in equity, biofuel start-up Mascoma has withdrawn its registration for a $100 million initial public offering citing “market conditions”.  Cleantech companies have had good results going through IPOs however this hasn’t been the case for many biofuel firms.  For a chart of biofuel companies that have gone public since 2010, their IPO price compared to their current price, and more about Mascoma’s business:

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