Imperium Renewables delays IPO plans
Biodiesel manufacturer Imperium Renewables has withdrawn its plans to go public, citing "unfavorable market conditions."
The Seattle-based company filed the paperwork with the Securities and Exchange Commission on Thursday. It had filed to go public in May, and had plans to raise $345 million.
The news comes a few weeks after the company replaced its then-CEO, Martin Tobias, naming President John Plaza as interim CEO and investor Nancy Floyd as chairman.
Imperium Renewables said that Tobias' departure was part of a planned transition, but company watchers noted that his leaving was abrupt and not well publicized. (The company … Read more