Enerkem (NRKM), a developer of renewable biofuels and chemicals relying on proprietary...

|About: Enerkem (NRKM)|By:, SA News Editor

Enerkem (NRKM), a developer of renewable biofuels and chemicals relying on proprietary technology, plans to sell 7.25M shares in a price range of $17-$19 in an upcoming IPO. This translates into a valuation of $480M-$536M.  The development-stage company, which plans to both makes biofuels and sell systems based on its technology, had no revenue in 2011, and a net loss of C$26.2M. (F-1)