Ceres (CERE) Sees IPO Price of $21-$23/Share

January 26, 2012 7:29 AM EST
Ceres (Nasdaq: CERE) filed an amended registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The Company plans to sell 5 million common and sees an offering price of $21 - $23 per share. Cares filed to list on the Nasdaq Global Market under the ticker "CERE."

The offering is being made through Goldman, Sachs & Co. and Barclays Capital.

Cares is an agricultural biotechnology company selling seeds to produce renewable biomass feedstocks that can enable the large-scale replacement of petroleum and other fossil fuels.


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