Monday, May 23, 2011

Ceres Files For IPO

Thousand Oaks-based Ceres, the developer of seeds aimed at producing renewable, biomass feedstocks for the biofuels industry, has filed for an IPO. According to a filing this morning by the firm, the company is aiming to raise up to $100M in an IPO on the NASDAQ Global Market as CERE. The firm's IPO is being underwritten by Goldman, Sachs & co., and Barclays Capital. Ceres is venture backed by Artal Luxembourg; Warburg Pincus; Ambergate Trust; Oxford Bioscience; GIMV; Oppenheimer Growth; Monsanta; and others. The firm said it had a net loss of $22.5M on revenues of $6.6M for the year ended August 31, 2010.