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Late last month, we reported that Circa Group had completed a €56 million (about USD$66 million) IPO and is now trading on the Euronext Growth Oslo exchange where it is trading roughly at the IPO price (16.75 NOK – about $1.98 per share), for the month it has traded in a 14.77-19.75 NOK range in short, holding its value with some upside potential, clearly.
The Circa backstory: It Took a Village to build a Technology
Circa has a patented technology called Furacell for making the platform biomolecule Levoglucosenone (LGO) which is the base for a range of chemicals, including the green solvent Cyrene. Cyrene is a bio-solvent aimed at a more than 1,000,000 tonne market where four of the top five traditional products are under increasing regulatory pressure due to their toxicity. Overall, LGO aims to be a platform molecule for the production of solvents, surfactants, flavors, agrochemicals and biopolymers.