BioFuel Energy Launches Public Offering

Author: BioFuel Energy
June 13, 2007

BioFuel Energy Corp. an ethanol production company headquartered in Denver, Colorado, confirmed today that it will sell 5.25 million shares at $10.50 a share in an initial public offering. Simultaneously, the Company is also selling 4.25 million shares in a private placement directly to affiliates of Greenlight Capital Inc., Third Point LLC and its Chairman, Thomas J. Edelman. The company stock will be listed on the Nasdaq under the symbol "BIOF."

A team comprised of JP Morgan, Citigroup, and AG Edwards, led the public offering with Bear, Stearns & Co. and Cowen and Company also participating.

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