Bain-Backed Sustainable Fuel Producer EcoCeres Eyes Europe IPO

EcoCeres Inc., a producer of sustainable fuel backed by Bain Capital, is exploring an initial public offering that could value the company at about $5 billion, people familiar with the matter said.

The Hong Kong-based company is considering pursuing a listing next year on an exchange in Europe, the people said, asking not to be identified discussing confidential information. London is among venues being considered, the people said, adding that EcoCeres hasn’t completely ruled out Hong Kong as a potential destination.

The IPO could raise $500 million to $1 billion depending on market conditions, according to the people. ...