More from Renaissance Capital

Elevance Renewable withdraws IPO

By Renaissance Capital,  August 31, 2012, 03:47:00 PM EDT

Elevance Renewable Sciences, which produces chemicals from renewable natural oils for use in household products, withdrew its plans for an initial public offering on Friday because it raised additional funds through a private placement of preferred stock. The company originally filed with the SEC in September, 2011. The Woodridge, IL-based company was founded in 2007 and booked $25 million in sales for the 12 months ended 9/30/2011. Morgan Stanley, J.P. Morgan, and Jefferies & Co. were set to be the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: ERSI



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