Here’s the latest action we’re following on the GreenBeat:
Gevo shares rise after $107 million biofuels IPO — Gevo’s shares have climbed about 13 percent today to $16.94 at the time of this posting, up from its initial offering price of $15. The company IPO’d on the Nasdaq at the high end of its range, selling 7.1 million shares at that price. Gevo plans to use the proceeds in part to retrofit an ethanol facility in Minnesota to produce isobutanol, a versatile alcohol compound used in rubber and lubricants. The company is backed by Khosla Ventures and Richard Branson’s Virgin Green Fund.