Clean Energy Fuels Inc., the Seal Beach company backed by legendary oilman T. Boone Pickens, could see its stock market debut next week.
The company is looking to raise $345 million, making it one of the largest Orange County stock offerings in recent years.
Twenty million shares are expected to be offered at an initial price of $13 to $17.
Clean Energy could see a market value of $770 million, according to Renaissance Capital LLC’s IPOHome.com
Pickens is Clean Energy’s founder and owns about 73% of the company.
Clean Energy provides natural gas and alternative fuel for trash trucks, taxis and other fleet vehicles.
The company originally was part of Boone’s Dallas-based Mesa Petroleum. It was split it off in the late 1990s.
Cofounder Andrew Littlefair runs the company’s day-to-day affairs as chief executive.
The offering would be the largest for the county in the past year and a half.
So far, the only planned offering that could top it is that of Santa Ana-based NNN Realty Advisors Inc.,parent of real estate investor Triple Net Properties LLC,which recently filed plans to raise up to $423 million.
