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Evogene seeks to raise up to $60 million from IPO

8:34 AM MDT | October 4, 2013 | —Rebecca Coons

Evogene (Rehovot, Israel), a plant genomics firm in which Monsanto and Bayer hold stakes, filed a registration statement with SEC for a proposed initial public offering worth up to $60 million on 24 September. Evogene intends to use approximately half of the proceeds to expedite the commercialization of seed traits and expand its seed traits project portfolio into new traits and crops, according to the filing. Remaining funds will be used to establish capabilities for agricultural chemicals and to advance its castor oil–based biofuels Evofuel platform...

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