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Renewable Energy Group prices IPO at $10.00, below the range

January 19, 2012

Renewable Energy Group, the largest producer of biodiesel in the United States, raised $72 million by offering 7.2 million shares at $10, 29% below the range of $13 to $15. Renewable Energy Group plans to list on the NASDAQ under the symbol REGI. UBS Investment Bank and Piper Jaffray acted as lead managers on the deal.