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Biopesticide firm files for $60-million IPO

8:18 AM MDT | July 2, 2013 | Rebecca Coons

Biopesticide firm Marrone Bio (Davis, CA) Innovations announced yesterday that it has filed for an initial public offering worth up to $60 million. Additional terms were not disclosed. Founded in 2006, the company develops biobased products that “promote plant health and manage weeds, pests and plant diseases in a broad range of fruit, vegetable, grain, and nut crops as well as for turf and ornamentals.” The company has received EPA approval for three products, including the biofungicide Regalia and broad-spectrum bioinsecticide Grandevo. Marrone also...

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