Gushan Environmental Energy Limited, China's largest biodiesel producer, announced the terms for its planned IPO on Friday afternoon. According to an amended SEC filing, the company plans to offer 18 million ADS at a range of $11.50 to $13.50 and has a proposed market cap of roughly $1 billion. Gushan, which commenced operations in 2001, generated $294 million in revenue during the first nine months of the year and produced a 45.3% cash flow margin. Merrill Lynch has been selected to act as lead manager for the offering, for which a pricing date has yet to be determined.
