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Fulcrum BioEnergy withdraws $115 million IPO

11/30/2012 4:53:00 PM
By: Renaissance Capital
Referenced Stocks:FLCM

Fulcrum BioEnergy, a producer of biofuels through the conversion of municipal solid waste, withdrew its plans for an initial public offering on Friday citing poor market conditions. The Pleasanton, CA-based company was founded in 2007. UBS Investment Bank, BofA Merrill Lynch and Citi were set to be the joint bookrunners on the deal.