Ceres Expected To Hit Market Feb 9th

Thousand Oaks-based Ceres, which develops specialized seeds for the biofuels industry, is planning to hit the market on February 9th, according to the NASDAQ IPO calendar. Ceres recently estimated its IPO pricing at between $21.00 and $23.00 per share. If successful, the offering will raise $132.25M for the company. Ceres has applied to list as CERE on the NASDAQ Global Market. Ceres is backed by investors Artal, Warburg Pincus, Ambergate Trust, Oxford Bioscience, GIMV, Oppenheimer Growth, and Monsanto. The company develops seeds which are used to supply feedstocks for bioenergy and biofuels plants. Although there are a number of Southern California, venture backed firms still in IPO registration, the Ceres IPO looks be the first to hit the IPo lendar since May of last year.