True Green Energy Group Plans Initial Public Offering

Published: Jun 23 2010
Deal Summary

True Green Energy Group (TGEG), a clean technology company, planned an initial public offering (IPO) of its common stock. The company expects to list on the German Stock Exchange by the end of June 2010.

Following the IPO, TGEG’s new listing in Germany will own the majority of all Spectrum Blue Steel projects.

Ronald Flynn, founder of TGEG, said, ‘We have been told by our investment bankers and market makers that they feel the demand for our initial public offering [IPO] looks strong.’

True Green Energy Group is expecting to be trading before the end of June. Ronald Flynn the founder explained, “We have been told by our investment bankers and market makers that they feel the demand for our IPO looks strong. Our company engaged ValuCorp operated by Michael Gilburd, ASA, MST, CPA Accredited Senior Appraiser and trusted member of the American Society of Appraisers www.valuecorp.com to evaluate our company and to provide guidance to the Board and its advisors as to the fair market value of our enterprise.”

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