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Seed vendor Ceres files for a $100 million IPO

May 23, 2011

Ceres, Inc., which sells seeds to produce biomass feedstocks that can enable the replacement of fossil fuels, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The Thousand Oaks, CA-based company, which was founded in 1996 and booked $7 million in sales for the 12 months ended August 31, 2010, plans to list on the NASDAQ under the symbol CERE. Goldman, Sachs & Co. and Barclays Capital are the lead underwriters on the deal. No pricing terms were disclosed.