The petrochemical unit of U.K. oil giant BP PLC (BP). Innovene Inc. has filed an initial public offering (IPO) to sell up to US$1 billion in common stock. No details about the number of shares to be offered or an estimated price range for the IPO were disclosed in the registration. As per the registration, all the shares will be sold by BP, and Innovene will not receive any of the net proceeds from the sale of these shares.
21-Sep-05 
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