China New Borun Corporation, the leading producer of corn-based alcohol in China, filed on Tuesday with the SEC to raise up to $92 million in an initial public offering. The Shandong-based company, which was founded in 2000 and booked $115 million in sales last year, plans to list on the NYSE under the symbol BORN. Piper Jaffray is the lead underwriter on the deal, for which pricing terms and timing were not disclosed.
