Latham & Watkins Advises Fluence on IPO
Fluence, a leading global provider of energy storage products and services and digital applications for renewables and storage, has announced the pricing of its initial public offering of 31,000,000 shares of its Class A common stock at a price to the public of US$28 per share. The shares of Class A common stock began trading on the Nasdaq Global Select Market on October 28, 2021, under the ticker symbol “FLNC.” The initial public offering is expected to close on November 1, 2021, subject to customary closing conditions. In addition, Fluence has granted the underwriters a 30-day option to purchase up to an additional 4,650,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.
Latham & Watkins LLP represents Fluence in the offering with a capital markets team led New York partners Senet Bischoff and Alison Haggerty, with New York associates Will Clark and Alexandra Kustra. Advice was also provided on corporate matters by New York partner Christopher Cross, with New York associates Andrew Felton and John Welch; on tax matters by New York partner Matthew Dewitz, with New York associate Michael Syku; on benefits & compensation matters by New York partner Austin Ozawa, with New York associates Megan Alessi and Anne Bracaglia; on intellectual property matters by New York partner Jeffrey Tochner; on finance matters by Chicago partner Noah Weiss, with Chicago associates Daniel Ruvolo, Daniel Robot, and Joe Gu; and on data privacy & security matters by Bay Area counsel Robert Blamires, with Bay Area associate Samantha Maerz-Boening.