By Colin Kellaher

 

Shares of Fluence Energy Inc. jumped nearly 20% in their trading debut Thursday after the energy-storage company's initial public offering was priced above the expected price range.

Fluence shares were recently trading at $33.37, up about 19.2%, after opening at $33.50.

The Arlington, Va., venture of AES Corp. and Siemens AG sold 31 million shares at $28 apiece in the IPO, well above the anticipated price of $21 to $24 each.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 28, 2021 12:26 ET (16:26 GMT)

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