BioAmber Inc fka BIOAQ

[adeezl]

BioAmber Inc. (BIOA) Tuesday cut the expected price of its 8-million share initial public offering, now seeing it pricing between $10 and $12.

The company previously said it expected its IPO to price between $15 and $17 a share.
The chemical company filed plans in November 2011 to raise up to $150 million through an IPO, planning to use the proceeds to construct a facility in Ontario, Canada , among other purposes.
BioAmber makes bio-succinic acid, which can be used to manufacture various everyday products, including plastics, food additives and personal-care products. The company has cast its bio-succinic acid as a low-cost alternative to petroleum-derived succinic acid.
The company has reported widening losses in the past three years. In 2012, BioAmber posted a loss of $39.5 million , compared with a year-earlier loss of $ 30.9 million .
The stock has been approved to list on the New York Stock Exchange under the symbol BIOA.

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