Biodiesel maker, Imperium Renewables, files for IPO amid growing losses
Imperium Renewables, a biodiesel maker in Seattle, Wa, filed for an initial public offering to raise up to $345 million, the latest sign of heat in the green technology industry.
This was expected. See the filing here.
Note that the company had an operating loss of more than $3.4 million in the three months ending March 31, and a net loss of almost $3 million. Note too that the cost it incurs for its revenues (”cost… Continue Reading