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Markets :: Alternative Fuels :: Biorefineries

No Revenues, No Problem! Thoughts on Coskata’s IPO Filing

11:10 AM MST | December 21, 2011 | Rebecca Coons

Last week Coskata became the latest biofuel/biochemical maker to file for an initial public offering (IPO). The biofuels producer hopes raise $100 million to help fund its Boligee, AL cellulosic ethanol facility, which will use the company’s gasification and fermentation platform,  as well as ongoing development efforts. The filing included by-now familiar figures on the addressable market and risks, so I pulled out a few noteworthy points:   “We are a development stage company and have generated limited revenue." They were not kidding...

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