Fermentalg IPO raises $55.9 million for commercial development

Libourne, France-based Fermentalg, an industrial biotechnology company that specializes in the production of oils and proteins derived from microalgae, has completed a successful IPO on the Euronext regulated market in Paris, issuing a total of 4,486,091 shares, resulting in a capital increase of €40.4 million ($55.9 million US) and taking the company’s total market capitalization to €107 million ($148 million US).

More info