CNEY News

CN Energy Group, which produces wood-based activated carbon and biomass energy, raised $20 million by offering 5 million shares at $4, the low end of the range of $4 to $5. At pricing, the company commands a market value of $62 million. CN Energy Group plans to list on the Nasdaq under the symbol CNEY. Network 1 Financial Securities acted as a lead manager on the deal. ...read more

Three IPOs raised $2.3 billion this past week, led by Dun & Bradstreet's (DNB) billion-dollar deal. All three IPOs upsized their deals and priced above the range. Commercial data analytics provider Dun & Bradstreet (DNB) raised $1.7 billion at a $9 billion market cap. The long-standing company was taken private in February 2019 by a consortium led by...read more

CN Energy, which produces wood-based activated carbon and biomass energy, filed on Thursday with the SEC to raise up to $23 million in an initial public offering. The Hangzhou, China-based company plans to raise $23 million by offering 5 million shares at a price range of $4 to $5. At the midpoint of the proposed range, CN Energy would command a market value of $69 million. ...read more