Biofuel producer Myriant withdraws $125 million IPO

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Myriant Corporation, a low-cost producer of biochemicals that substitute for petroleum-based industrial chemicals, withdrew its plans for an initial public offering on Wednesday. The company did not disclose the reasons for its withdrawal in the filing. The Quincy, MA-based company was founded in 2009 and booked $7 million in sales for the 12 months ended June 30, 2011. UBS Investment Bank, J.P. Morgan, Citi and Piper Jaffray were set to be the joint bookrunners on the deal.



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