Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
BEIJING - Activity in China's vast manufacturing sector weakened further in June to a 9-month low as new orders faltered, a preliminary survey of purchasing managers showed on Thursday, reinforcing signs of tepid economic growth in the second quarter.
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Ceres Inc sees IPO priced at $21-$23/share
(Reuters) - Agricultural biotechnology company Ceres Inc said it expects to sell 5 million shares in its initial public offering at $21 to $23 apiece.
The Boston-based company expects to raise about $97.8 million in the offering, partly for research and development and capital spending, and expects to list on the Nasdaq under the symbol "CERE."
In May last year, the company had filed with the U.S. Securities and Exchange Commission for an initial offer worth up to $100 million. [ID:nL3E7GN1H3]
Ceres is a biotechnology company selling seeds to produce renewable bioenergy feedstocks that can enable the large-scale replacement of petroleum and other fossil fuels.
The company's stockholders include private equity firms such as Warburg Pincus and Monsanto Co (MON.N), none of whom are selling their shares in the IPO.
Goldman Sachs and Barclays Capital are acting as lead underwriters to the offering, the company said in a filing.
(Reporting by Aman Shah in Bangalore; Editing by Sreejiraj Eluvangal)
- Tweet this
- Share this
- Digg this