Fluence Energy, Inc.

Fluence Energy, Inc. (FLNC) priced its initial public offering on Oct 29, 2021 at $28.00 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.39B. J.P. Morgan was lead-left underwriter, joined by Morgan Stanley, Barclays and BofA Securities and others. Latham & Watkins advised the company and Weil, Gotshal & Manges advised the underwriters.

Fluence Energy, Inc. provides energy storage products and services and digital applications for renewables and storage. Its offerings are aimed at enabling the global clean energy transition.

Status

IPO

Ticker

FLNC

Exchange

Nasdaq Global Select

Priced

Oct 29, 2021

IPO price

$28.00

Market cap at IPO price

$1.39B

First filed

Sep 28, 2021

Underwriters

J.P. Morgan, Morgan Stanley, Barclays, BofA Securities, Citigroup, Evercore ISI, Credit Suisse, HSBC, UBS, RBC Capital Markets, Nomura and Baird

Company counsel

Latham & Watkins

Underwriters' counsel

Weil, Gotshal & Manges

Sector

Industrials & materials

Country / state

VA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.