Mission NewEnergy (MNEL) IPO Opens Sharply Lower
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Mission NewEnergy Limited (Nasdaq: MNEL) IPO is open for trading. Shares are trading around $8.15 after pricing an offering of 2,785,000 shares at $9, below the expected $10-$12 range.
Chardan Capital Markets, LLC and Rodman & Renshaw, LLC, are acting as joint book-running managers for the offering.
Mission NewEnergy Limited is a global provider of sustainable, renewable energy. Operating in Malaysia, India, Australia and North America, Mission NewEnergy is an integrated biodiesel producer and one of the world’s largest Jatropha plantation companies.
Chardan Capital Markets, LLC and Rodman & Renshaw, LLC, are acting as joint book-running managers for the offering.
Mission NewEnergy Limited is a global provider of sustainable, renewable energy. Operating in Malaysia, India, Australia and North America, Mission NewEnergy is an integrated biodiesel producer and one of the world’s largest Jatropha plantation companies.
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