Avantium completes “oversubscribed” €103M IPO: heads for first commercial

The company’s first world-scale plant is a 50,000 tons per year FDCA production unit planned for Antwerp as part of a joint venture with BASF

In the Netherlands, Avantium completed its highly-anticipated initial public offering, raising $109.5M (€103M) via the sale of 9,401,793 shares at…