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Clean energy storage company Fluence Energy files for IPO

·1 min read
Clean energy storage company Fluence Energy files for IPO

Clean energy storage company Fluence Energy Inc. filed for an initial public offering on Tuesday, with plans to list on Nasdaq under the ticker 'FLNC.' The company did not offer details of how many shares it plans to offer or at what price, but said it will have 3 classes of common stock after the offering, Class A, Class B-1 and Class B-2, with the B-1 shares carrying more votes than the others. JP Morgan and Morgan Stanley are lead underwriters in a syndicate of 16 banks. Proceeds will be used