{"id":499339,"date":"2010-04-01T08:32:11","date_gmt":"2010-04-01T12:32:11","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=7407"},"modified":"2010-04-01T08:32:11","modified_gmt":"2010-04-01T12:32:11","slug":"shell-backed-codexis-valued-at-509m","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/499339","title":{"rendered":"Shell-Backed Codexis Valued At $509M"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/cleantech.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Cleantech\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><\/p>\n<p>Codexis is prepping its second try at an\u00a0Initial Public Offering (IPO). This time around the Redwood, Calif., company will try to sell six million shares, priced between $13 and $15 per share, giving the company a potential market valuation of nearly $509 million.<\/p>\n<p>Codexis does not manufacture biofuel but has engineered enzymes to convert organic materials \u2014 like wood chips, switchgrass, cornhusks, sugar cane \u2014 into ethanol. The company canceled its previous IPO attempt in 2008, which was set to raise $100 million.<\/p>\n<p><span id=\"more-7407\"><\/span><\/p>\n<p><a href=\"http:\/\/www.pehub.com\/67906\/codexis-sets-ipo-terms\/\" >According to PeHUB<\/a> Codexis reported product revenue of $18.55 million in 2009, up from $16.86 million in 2008.<\/p>\n<p>Since 2002 Codexis has raised over $80 million in venture capital. <a href=\"http:\/\/greenenergyreporter.com\/2009\/03\/royal-dutch-shell-increases-stake-in-biofuel-tech-company-codexis\/\" >Besides Royal Dutch Shell<\/a> investors also include CCTV Investments, CMEA Ventures, Pequot Capital, Bio*One Capital and Pfizer.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/ogKOTitnTIs\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Codexis is prepping its second try at an\u00a0Initial Public Offering (IPO). This time around the Redwood, Calif., company will try to sell six million shares, priced between $13 and $15 per share, giving the company a potential market valuation of nearly $509 million. Codexis does not manufacture biofuel but has engineered enzymes to convert organic [&hellip;]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-499339","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/499339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=499339"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/499339\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=499339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=499339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=499339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}