Fenix Parts Priced, Nasdaq: FENX

Recently formed rollup of eight recycled auto parts providers.

Industry: Industrials

Latest Trade: $0.80 0.00 (0.0%)

First Day Return: +5.5%

Return from IPO: -90.0%

Industry: Industrials

We are a leading recycler and reseller of OEM automotive products. Fenix was founded in January 2014 to combine our eight Founding Companies and create a network that offers sales, fulfillment and distribution in key regional markets in the United States and Canada. Our Founding Companies have been in business an average of 25 years and operate from 13 locations. Our primary business is auto recycling, which is the recovery and resale of OEM parts, components and systems reclaimed from damaged, totaled or low value vehicles. Our customers include collision repair shops or body shops, mechanical repair shops, auto dealerships and individual retail customers. We provide customers with high quality recycled OEM products, extensive inventory and product availability, responsive customer service and fast delivery. Upon receipt of vehicles, which we primarily purchase at auto salvage auctions, we inventory and then dismantle the vehicles and sell the recycled components. We operate a hub and spoke distribution network allowing us to efficiently move products among our locations and expedite delivery to our customers. We also generate a portion of our revenue from the sale of aftermarket parts, and from the sale as scrap of the unusable parts and materials.
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IPO News for Fenix Parts
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IPO Data
IPO File Date 04/08/2015
Offer Price $8.00
Price Range $9.00 - $11.00
Offer Shares (mm) 12.0
Deal Size ($mm) $96
IPO Data
IPO Date 05/13/2015
Offer Price $8.00
Price Range $9.00 - $11.00
Offer Shares (mm) 12.0
Deal Size ($mm) $96
Underwriters
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Company Data
Headquarters Westchester, IL
Founded 2014
Employees 521
Website www.fenixparts.com