Luca Technologies and Enerkem pull IPO; Southeast Asia's clout as an industrial biotech center grows

Growing pains continue as second-generation alternative fuels companies Enerkem and Luca Technologies abandon their IPO ambitions. Enerkem pulled its $125 million initial public offering (IPO) due to "unfavorable market conditions." Investor trepidation comes as no surprise given the company's histo...

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