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Mascoma files for $100M IPO

Sep 20, 2011   |   by James M. Connolly   |   Boston Business Journal

Renewable fuels company Mascoma Corp. of Lebanon, N.H., has announced plans for an initial public offering valued at up to $100 million.

The company, which has developed a chemical platform to converting biomass into fuel, filed notification with the SEC reporting that it will offer just over 54 million shares of common stock.

Mascoma said its initial target market for its yeast-based technology, known as Mascoma Grain Technology, is the corn ethanol industry. The company also plans to develop commercial-scale facilities to convert hardwood feedstocks into cellulosic ethanol using that technology, which originated at Dartmouth [by engineering professors Lee Lynd and Charles Wyman].

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