The company’s technology turns organic waste into natural gas, water and fertilizer. It plans to sell between 10 million and 11.77 million shares at between $17 and $20, according to a preliminary prospectus filed Monday. TD Securities and Barclays Capital Canada are leading the underwriting syndicate, which also includes CIBC World Markets, Scotia Capital, National Bank Financial, Raymond James, Roth Canada and Canaccord Genuity. (The Logic)

Talking point: Anaergia brought in $128 million in revenue in 2020, at a net loss of $16.8 million. While the company was originally founded in 2007 with a North American focus, the continent accounted for 45 per cent of sales last year and European projects made up 44 per cent. The prospectus projects major growth potential in California and Europe, owing to regulatory changes requiring organic waste be kept out of landfills. As its raw material becomes more readily available, it also predicts increased biogas demand from countries’ and companies’ energy emissions-reduction efforts.