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New Fortress Energy Priced, Nasdaq: NFE

Fortress-backed owner of LNG liquefaction and regasification facilities.

Industry: Energy

Latest Trade: $10.13 0.00 (0.0%)

First Day Return: -6.6%

Return from IPO: -27.6%

Industry: Energy

We are engaged in providing energy and logistical services to end users worldwide seeking to convert their operating assets from diesel or heavy fuel oil (“HFO”) to LNG. The Company currently has liquefaction and regasification operations in the United States and Jamaica. We currently source LNG from a combination of our own liquefaction facility in Miami, Florida and purchases on the open market. We are developing the infrastructure necessary to supply all of our existing and future customers with LNG produced primarily at our own facilities. We expect that control of our vertical supply chain, from liquefaction to delivery of LNG, will help to reduce our exposure to future LNG price variations and enable us to supply our existing and future customers with LNG at a price that reflects production at our own facilities, reinforcing our competitive standing in the LNG market. Our strategy is simple: we seek to manufacture our own LNG at attractive prices, using fixed-price feedstock, and we seek to sell natural gas (delivered through LNG infrastructure) or gas-fired power to customers that sign long-term, take-or-pay contracts.
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IPO News for New Fortress Energy
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IPO Data
IPO File Date 11/09/2018
Offer Price $14.00
Price Range $15.00 - $15.00
Offer Shares (mm) 20.0
Deal Size ($mm) $280
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/30/2019
Offer Price $14.00
Price Range $15.00 - $15.00
Offer Shares (mm) 20.0
Deal Size ($mm) $280
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2014
Employees 147
Website www.newfortressenergy.com