New Fortress Energy Inc.

New Fortress Energy Inc. (NFE) priced its initial public offering on Jan 31, 2019 at $14.00 per share, above its $8.00–$13.00 range, raising $280M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.34B. Morgan Stanley was lead-left underwriter, joined by Barclays, Citigroup and Credit Suisse and others. Vinson & Elkins advised the company and Skadden, Arps advised the underwriters.

New Fortress Energy Inc. is an integrated gas-to-power company that uses stranded natural gas to meet power needs worldwide. It runs a four-part liquefied natural gas production and delivery model, starting with long-term feedgas contracts and liquefaction near the gas source.

Status

IPO

Ticker

NFE

Exchange

Nasdaq Global Select

Priced

Jan 31, 2019

IPO price

$14.00

Price range

$8.00–$13.00

Raised

$280M

Market cap at IPO price

$2.34B

First filed

Nov 9, 2018

Underwriters

Morgan Stanley, Barclays, Citigroup, Credit Suisse, Evercore ISI, Allen & Company, Citizens JMP and Stifel

Company counsel

Vinson & Elkins

Underwriters' counsel

Skadden, Arps

Sector

Energy, mining & utilities

Country / state

NY

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