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Seed Firm Ceres Files for $100-Million IPO
3:32 PM MDT | May 25, 2011 | Rebecca Coons
Agricultural biotechnology firm Ceres (Thousand Oaks, CA) has filed for an initial public offering (IPO) of up to $100 million, according to an SEC document dated May 23. Founded in 1996, Ceres develops crops for use as biomass in fuel production.“Our proprietary collection of energy crop parent lines, known as germplasm, in combination with our pipeline of biotechnology traits allows us to develop bioenergy feedstocks to meet the needs of both biomass refineries and growers of biomass, all while using less water and less fertilizer than row crops like corn...
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