Ceres (CERE) IPO Jumps Higher
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The IPO for Ceres, Inc. (Nasdaq: CERE) is open for trading. Shares opened at $14.80 after pricing 5,000,000 shares at $13 per share, below the expected $15-$17 range.
Goldman, Sachs & Co. and Barclays Capital acted as joint book-running managers for the offering and Piper Jaffray, Raymond James and Simmons & Company International acted as co-managers.
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
Goldman, Sachs & Co. and Barclays Capital acted as joint book-running managers for the offering and Piper Jaffray, Raymond James and Simmons & Company International acted as co-managers.
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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