PetroAlgae Chances Weak Green I.P.O. Market - DealBook Blog - NYTimes.com

PetroAlgae, a company claiming that it has found a cheap way to convert algae into fuel — a goal chased by formidable competitors like Sapphire Energy and Solazyme — just filed for a $200 million initial public offering despite a weak public market for green companies. Early signs suggest that this move could do more damage to the burgeoning algae industry than good, VentureBeat reported.