Renewable Energy Group Inc. (REGI) is set to come public next week if the market conditions allow. This will kick off the 2012 IPO wave and many IPO candidate companies (and of course their venture capital or private equity backers) will be watching closely. We are expecting some 7.2 million shares and the expected price range is currently put between $13.00 and $15.00 per share of common stock.
UBS Securities and Piper Jaffray & Co. are leading this underwriting effort and will have a 15% share count overallotment option, which will come minus the underwriting fees.
We recently featured our TOP 17 IPOs TO WATCH IN 2012 and Renewable Energy was not among that list. It could have been, but when the research was being done the renewable sector was in free-fall due to solar and ethanol woes.
The first IPO of any kind matters, particularly if there have not been any IPOs in a month or so.
JON C. OGG
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