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 Species of Blue-Green Algae Announces IPO
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| Author | Topic: Species of Blue-Green Algae Announces IPO | ||
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GoatBeard Moderator 
Posts: 43 |
LAKE ERIE--Seeking to capitalize on the recent IPO rage on Wall Street, Lake Erie-based blue-green algae Anabaena announced Tuesday that it will go public next week with its first-ever stock offering. Anabaena, a photosynthesizing, nitrogen-fixing algae with 1999 revenues estimated at $0 billion, will offer 200 million shares on the NASDAQ exchange next Wednesday under the stock symbol ALG. The shares are expected to open in the $47-$49 range.      
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