Renewable Energy Group has withdrawn its application to come public via an IPO. You can probably guess the culprit: "….current market conditions do not support a public offering of the Registrant’s Common Stock at this time."
What is interesting is that this sort of undermines the agriculture and bioenergy trades. Agriculture has remained a hot sector, but alternative energy has gone from hot to cold.
This company said in its filing that it was the largest operator, marketer and distributor of biodiesel in the U.S. under the SoyPOWER® brand. You can see the full summary from the July filing here.
Jon C. Ogg
March 17, 2008
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
