Clean Energy Prices Low

Clean Energy Fuels Corp., a Seal Beach, Calif.-based provider of natural gas as an alternative fuel for vehicle fleets, priced 10 million shares at $12 per share ($13-$17 range), for an IPO take of approximately $120 million. It will to trade on the Nasdaq under ticker symbol CLNE, while WR Hambrecht & Co. and Simmons & Co. served as co-lead underwriters. Perseus held a 19.5% pre-IPO position, while Boone Pickens was listed as majority shareholder. Both sold a percentage of their shares as part of the IPO.