Fluence Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares; Raises Gross Proceeds of $998,200,000
Proceeds from the initial public offering were $998.2 million, before deducting underwriting discounts and commissions and other offering expenses.
- Proceeds from the initial public offering were $998.2 million, before deducting underwriting discounts and commissions and other offering expenses.
- The shares began trading on the Nasdaq Global Select Market on September 28, 2021 under the ticker symbol "FLNC."
- J.P. Morgan Securities LLC, Morgan Stanley, Barclays Capital Inc., and BofA Securities are acting as joint lead book-running managers for the offering.
- Incorporated, Raymond James & Associates, Inc., Seaport Global Securities LLC, Penserra Securities LLC, and Siebert Williams Shank & Co., LLC are acting as co-managers for the offering.