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People & Business :: Earnings/Finance

BioAmber prices IPO

10:09 AM MDT | May 10, 2013 | Rebecca Coons

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 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 million. The units began trading today on the NYSE under the symbol BIOAU. The common stock and warrants...

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