Breaking Finance News

BREAKING- Marrone Bio Innovations IPO Opens at $13 (MBII)

Shares of Marrone Bio Innovations (NASDAQ: MBII) opened Friday at $13–8 percent above their IPO price.

The company, which produces bio-based pest management and plant health products raised $57 million in its 4.8 million share offering. The stock was expected to price in a range of $14 to $17 per share but came in at $12 resulting in the company raising 12 percent less than it expected.

Earlier today, we reported that Athlon Energy (NYSE: ATHL) IPOed and is up nearly 31 percent on the day. Sprout’s Farmer’s Market (NYSE: SFM) IPOed Thursday and finished more than 100 percent higher on the day.

[stock-tools exchange="NASDAQ" symbol="MBII" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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