November 3, 2021
Fluence’s IPO closes with almost a billion dollars raised
Fluence’s initial public offering (IPO) raised just under a billion dollars, with all available shares of the energy storage company’s Class A common stock snapped up as they listed on the Nasdaq Global Select Market.
In total, proceeds of US$998,200,000 were generated. This is because although the 31 million shares sold to the public at US$28 each raised US$868 million, underwriters decided to immediately exercise their options to purchase an additional 4.65 million shares in full.