Fluence Energy Shares Set for Trading Debut After IPO Priced Above Views
October 28 2021 - 6:26AM
Dow Jones News
By Colin Kellaher
Shares of Fluence Energy Inc. are due to begin trading Thursday
after the energy-storage company's raised $868 million in an
initial public offering priced well above expectations.
The Arlington, Va., venture of AES Corp. and Siemens AG is
selling 31 million shares at $28 each, compared with an anticipated
pricing of $21 to $24 a share.
Fluence has also granted the underwriters a 30-day option to buy
up to an additional 4.65 million shares.
Fluence shares are slated to begin trading on the Nasdaq Global
Select Market under the symbol FLNC.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 28, 2021 06:11 ET (10:11 GMT)
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