IPO Withdrawl: Renewable Energy Group (RWE)

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Renewable Energy Group has withdrawn its application to come public via an IPO.  You can probably guess the culprit: "….current market conditions do not support a public offering of the Registrant’s Common Stock at this time."

What is interesting is that this sort of undermines the agriculture and bioenergy trades.  Agriculture has remained a hot sector, but alternative energy has gone from hot to cold.

This company said in its filing that it was the largest operator, marketer and distributor of biodiesel in the U.S. under the SoyPOWER® brand.  You can see the full summary from the July filing here.

Jon C. Ogg
March 17, 2008