AES-Siemens Energy-Storage Venture Fluence Files for IPO
28 Setembro 2021 - 9:36AM
Dow Jones News
By Colin Kellaher
Fluence Energy Inc. on Tuesday filed with the U.S. Securities
and Exchange Commission for an initial public offering.
The filing by the Arlington, Va., provider of energy-storage
technology and services indicates it plans to raise $100 million,
although that figure is often used as a placeholder to calculate
filing fees.
Power-generation and utility company AES Corp. and Germany's
Siemens AG launched Fluence as an energy-storage venture in January
2018.
The Qatar Investment Authority, Qatar's sovereign wealth fund,
late last year agreed to invest $125 million in Fluence at a
valuation topping $1 billion, leaving AES and Siemens each with
roughly 44% stakes.
Fluence said it has applied to list its shares on the Nasdaq
Global Market under the symbol FLNC.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 28, 2021 08:21 ET (12:21 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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