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)


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