Biofuel Company Gevo Raises $95.7 Million In IPO

Posted Feb 9, 2011

Biofuel and biochemical company Gevo Inc. (NASDAQ:GEVO) raised $107 million in an IPO. Gevo uses chemical processes to make isobutanol from sugar. The biofuels and biochemicals offered by Gevo could be an alternative to ethanol. After expenses and underwriting discounts, the company made about $95.7 million. Khosla Ventures and Richard Branson were investors in Gevo.