The other striking thing is this activity is not being done by the big banks, nor for the market leaders in each energy or environment technology sector. Many of these recent IPOs have been definitely “emerging” businesses.
IPOs in recent news include a biodiesel company announcing it will raise A$37 mm in Australia,
Axiom Energy IPO. Hoku Scientific went public a few months ago in the US. An early stage fuel cell membrane company, it is up 100% since then. Polyfuel, another emerging US competitor to Hoku, has also looked at plans to IPO on the AIM, Polyfuel IPO.
Babcock & Brown is affiliated with a recent wind energy company listing in Australia, now raising US $275 mm for growth.
My own firm advised one in green thin film processes for RFID antennas and EMI shielding, Block Shield, that floated on AIM last year and has done well.