FLNC News

The IPO market remained active this past week as 14 IPOs raised $6.3 billion. SPAC activity kept steady with 13 blank check IPOs raising $2.1 billion. New filers continued to pour into the IPO pipeline, with eight IPOs and seven SPACs submitting initial filings. Semiconductor foundry GlobalFoundries (GFS) priced at the high end to raise $2.6 billion at a $26...read more

Fluence Energy, a energy storage products and services provider formed by Siemens and AES, raised $868 million by offering 31 million shares at $28, above the range of $21 to $24. New investor BNP Paribas Energy Transition Fund had indicated on $70mm of the IPO (8% of the deal). At pricing, the company commands a market value of $4.7 billion. Established in 2018 as a joint...read more

Updated Monday, 10/25. The IPO market continues to stay busy with 15 IPOs schedule to raise $7.2 billion in the week ahead.   Semiconductor foundry GlobalFoundries (GFS) plans to raise $2.4 billion at a $24.6 billion market cap. Backed by Abu Dhabi’s Mubadala, US-based GlobalFoundries is one of the world’s leading specialty...read more

Fluence Energy, an energy storage products and services provider formed by Siemens and AES, announced terms for its IPO on Tuesday. The Arlington, VA-based company plans to raise $698 million by offering 31 million shares at a price range of $21 to $24. New investor BNP Paribas Energy Transition Fund intends to purchase $70 million worth of shares in the offering (10% of the deal)....read more