Aventine Renewable IPO loses steam

June 29, 2006

By Steve Gelsi, MarketWatch

Last Update: 10:31 AM ET Jun 29, 2006

NEW YORK (MarketWatch) — Aventine Renewable Energy Holdings Inc. lost steam in the open market, even after the ethanol maker priced at the top of its increased range and added shares to the deal.

Aventine Renewable (AVR) opened at $41.75, below its $43 price. The stock changed hands at $41.70 on volume of 3 million shares in recent action.

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