Bioprocessing Start-up Counts Down to IPO

Deinove (Paris), a biotech start-up company developing processes for biofuels and biochemcials, has unveiled plans to undertake an initial public offering (IPO) in a bid to raise around €12 million ($16.3 million) in fresh equity. The company will make its offering on the Alternext market of NYSE Euronext in Paris. Deinove has set a guide price of between € 7.50 and € 9.16/share. The share offer is set to close on April 20, 2010.   Deinove designs and develops breakthrough technologies based on Deinococcus bacteria. Processes the company is...

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