KiOR, Inc., which operates a proprietary platform that converts non-food biomass into hydrocarbon-based oil, announced terms for its IPO on Friday. The Pasadena, TX-based company plans to raise $200 million by offering 10 million shares at a price range of $19 to $21. At the mid-point of the proposed range, KiOR, Inc. will command a market value of $2.3 billion. KiOR, which was founded in 2007, plans to list on the NASDAQ under the symbol KIOR. Credit Suisse, UBS Investment Bank, and Goldman, Sachs & Co. are the lead underwriters on the deal.
