FLXE News

FlexEnergy Green Solutions, which makes turbine systems and heat exchangers, withdrew its plans for an initial public offering on Wednesday. The company originally filed and set terms in October 2021, but later cut its deal size by 43% and added warrants in January 2022. FlexEnergy had most recently planned to raise $20 million by offering 2.2 million units at a price range of $8...read more

FlexEnergy Green Solutions, which makes turbine systems and heat exchangers, lowered the proposed deal size for its upcoming IPO on Tuesday. The Portsmouth, NH-based company now plans to raise $20 million by offering 2.2 million units at a price range of $8 to $10. Each unit consists of one share of common stock and one warrant, exercisable at 110% of the offer price ($9.90 at the...read more

The IPO market is expected to stay busy with 11 IPOs schedule to raise $10.2 billion in the week ahead.   Electric truck developer Rivian Automotive (RIVN) plans to raise $8.0 billion at a $57.1 billion market cap. This founder-led company is developing and manufacturing a portfolio of electric adventure-ready consumer and commercial SUVs, vans, and pickup...read more

FlexEnergy Green Solutions, which makes turbine systems and heat exchangers, announced terms for its IPO on Wednesday. The Portsmouth, NH-based company plans to raise $35 million by offering 3.9 million shares at a price range of $8 to $10. At the midpoint of the proposed range, FlexEnergy Green Solutions would command a fully diluted market value of $122 million. ...read more