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Marrone Bio Innovations sets terms for IPO

8:55 AM MDT | July 22, 2013 | Rebecca Coons

Biopesticide firm Marrone Bio Innovations set the terms for its planned $65-million initial public offering in an S-1 amendment filed with the SEC 22 July. According to the filing, Marrone plans to offer 4.2 million shares at $14–17/share. 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...

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