FOR IMMEDIATE RELEASE Contact: (605) 696-3150
INVER GROVE HEIGHTS, Minn. (December 15, 2006) – US BioEnergy Corporation announced that the initial public offering of 10,000,000 shares of its common stock was priced at $14.00 per share. All of the shares of common stock are being sold by the Company. The Company has granted the underwriters an option to purchase up to 1,500,000 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on December 20, 2006.
The Company’s common stock has been approved for listing on The NASDAQ Global Market under the symbol “USBE.”
UBS Investment Bank and Piper Jaffray are the joint book-running managers of the offering. William Blair & Company and A.G. Edwards are co-managers.
A registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or other jurisdiction.
Copies of the final prospectus relating to this offering, when available, may be obtained by contacting UBS Investment Bank, Prospectus Department, 299 Park Avenue, New York, New York 10171 ((800) 223-3006) or Piper Jaffray & Co., Prospectus Department, Suite 800, 800 Nicollet Mall, Minneapolis, MN 55402 ((877) 371-5212).
About US BioEnergy Corporation
US BioEnergy Corporation is a producer and marketer of ethanol and distillers grains. The company currently owns and operates three ethanol plants and has three additional ethanol plants under construction. Upon completion of these initiatives, the company will own and operate six plants with combined expected ethanol production capacity of 500 million gallons per year.
Media Contact:
Kristi Lee
US BioEnergy Corporation
605-696-3150
