Two biofuels companies file for IPO

By | June 10, 2010
Amyris Biotechnologies Inc. and Codexis Inc., two California-based companies, filed with the Securities and Exchange Commission for an initial public offering (IPO) of common stock. Amyris, which is focusing its initial efforts on ethanol from Brazilian sugarcane, hopes to raise $100 million and Codexis, which is working with cellulosic ethanol maker Iogen Corp., wants to bring in about $85.3 million. Amyris works with genetically modified microorganisms, primarily yeast, for the fermentation process. This is the second try for Codexis, which is headquartered in Redwood City, Calif., and is a wholly owned subsidiary of Maxygen Inc.