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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