Clean Energy Fuels Sets IPO Terms

Clean Energy Fuels Corp., a Seal Beach, Calif.-based provider of natural gas as an alternative fuel for vehicle fleets, has set its proposed IPO terms to 20 million common shares being offered at between $13 and $17 per share. It plans to trade on the Nasdaq under ticker symbol CLNE, with WR Hambrecht & Co. and Simmons & Co. serving as co-lead underwriters. Perseus holds a 19.5% pre-IPO position, while Boone Pickens is majority shareholder. Both plan to sell a percentage of their shares as part of the IPO.