Marrone Bio Innovations Goes Public
Successful IPO Sparks Interest in High-tech Agribusiness
Surrounded by employees, board members and their families, Pam Marrone, former Dean’s Advisory Council member and a long-time supporter of the School, celebrates the successful initial public offering of Marrone Bio Innovations, Inc. by ringing the bell at the NASDAQ stock exchange in New York in August.
“It was very exciting to be able to celebrate this momentous occasion with my team, esteemed members of the board, and honored guests,” CEO and founder Marrone said. “It has been an incredible journey developing the company into a publically traded organization. We are very proud of what we have accomplished and we look forward to continuing to provide our markets with effective, environmentally responsible pest management solutions.”
Trading as MBII, the Davis-based company specializes in bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets. Marrone Bio’s IPO is the Sacramento Region’s first since 2006, a reflection of the region’s economic improvement, especially in high-tech and agribusiness.
Marrone Bio Innovations is a Graduate School of Management Business Partner, and founding sponsor of the Sacramento Regional Technology Alliance’s AgStart program launched to ignite agricultural technology innovation in the 10-county region in partnership with the Child Family Institute for Innovation and Entrepreneurship’s Sustainable AgTech Innovation Center.