Quote data as of 7:03 AM ET
LanzaTech Global, Inc. is a company that operates across the United States and internationally, specializing in carbon refinement using processes inspired by nature. This innovative firm is dedicated to converting discarded carbon into essential chemical components. These versatile building blocks are subsequently utilized in the creation of various consumer items, including eco-friendly fuels, textiles, and packaging solutions. Established in 2005, LanzaTech Global, Inc. maintains its primary corporate office in Skokie, Illinois.
LanzaTech’s joint venture with Shougang, Beijing Shougang LanzaTech Technology Co., Ltd., successfully completed its IPO on the Hong Kong Stock Exchange, raising $75 million in gross proceeds.
The offering priced at approximately $1.86 per share, implying a $750 million market capitalization for the JV, which operates four facilities using LanzaTech’s carbon-recycling technology.
LanzaTech retains an 8.38% equity stake in the JV post-IPO, validating the commercial scalability of its platform and its strategy of capturing value through both licensing and equity participation.