IHS Chemical Week

BioAmber prices IPO

12:10 PM MDT | May 10, 2013

Biobased succinic acid producer BioAmber (Minneapolis) says company shares began trading on the New York Stock Exchange (NYSE) today at $10/unit—the low end of a pricing range that had already been slashed by a third. Each of the 8,000,000 shares of the initial public offering (IPO) included 1 warrant to purchase half of 1 share of common stock at an exercise price of $11/share. BioAmber originally filed in November 2011 for an IPO worth up to $150...

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