Aventine Renewable raises IPO price to $40-$43

June 28, 2006

WASHINGTON, June 28 (Reuters) – Aventine Renewable Energy Holdings Inc., an ethanol producer and marketer, on Wednesday raised the estimated share price of its planned initial public offering to a range of $40 to $43 per share from $37 to $40.The company and selling shareholders are still planning to offer 8.06 million shares, according to an amended offering document filed with the U.S. Securities and Exchange Commission.

The estimated price range remains unchanged at $37 to $41 per share.

Banc of America Securities LLC, Friedman Billings Ramsey, and Goldman Sachs & Co. will be the lead underwriters.

Aventine is seeking a New York Stock Exchange listing under the symbol “AVR.” (AVR.N: Quote, Profile, Research)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: