Investment banks Citigroup, Barclays Capital and Piper Jaffray are co-lead underwriters of the initial public offering for the pre-revenue company that posted a $23m net loss for the first nine months of the year.

Coskata, a US-based renewable energy company backed by four corporations, plans to raise $100m in its flotation on the Nasdaq stock exchange.

Investment banks Citigroup, Barclays Capital and Piper Jaffray are co-lead underwriters of the initial public offering for the pre-revenue company that posted a $23m net loss for the first nine months of the year, according to its regulatory filing.

Coskata has corporate venturing backing from US-based automotive corporation General Motors, France-based oil conglomerate Total, Mexico-based joint…