Israel Corp.-Backed Startup Primus Green May Hold IPO Next Year
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Primus Green Energy Inc., a biofuel company backed by Israel Corp., may hold an initial public offering of shares to raise cash to build a factory that turns plants into gasoline.
Hillsborough, New Jersey-based Primus may go public next year, “depending on the markets and depending on our strategic investors,” George Boyajian, the company’s vice president of business development, said in a phone interview. Primus is seeking to raise as much as $100 million this year from equity investors to build a facility that would make 4.8 million gallons of fuel annually.