Cleantech IPOs still fail to impress as Molycorp misses its goal

With the exception of Tesla Motors’ blockbuster public sale last month, clean technology IPOs have been disappointing this year. And the trend continues today with Molycorp Minerals, miner of many of the rare metals used in green technologies, debuting at $13.25 a share — down from the anticipated range of $15 to $17.

All told, the Greenwood, Colo. company raised $394 million, pricing its shares at $14. The stock has performed weakly since this morning, … Continue Reading