Fluence Files Registration Statement with the SEC for Proposed Initial Public Offering
On September 28, 2021, Fluence, a joint venture of The AES Corporation and Siemens, filed a registration statement for an initial public offering (IPO) of its Class A common stock with the SEC. The stock is expected to be listed on the Nasdaq under the symbol FLNC. The specific number of shares and price range are yet to be determined. Until the registration becomes effective, no shares can be sold or offered. This strategic move aims to bolster Fluence's growth in the energy storage sector.
- Fluence's IPO filing indicates strong growth potential in the energy storage market.
- The partnership between AES and Siemens may enhance Fluence's market position.
- The lack of determined share price and offering size creates uncertainty.
- Potential market dilution risks for existing AES shareholders if new shares are issued.
ARLINGTON, Va., Sept. 28, 2021 /PRNewswire/ -- Fluence, The AES Corporation's joint venture with Siemens, a leading provider of energy storage products and services and digital applications for renewables and storage, announced today that Fluence Energy, Inc. has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its Class A common stock. Fluence Energy, Inc. has applied to list its common stock on the Nasdaq Global Select Market under the symbol "FLNC." The number of shares to be offered and the price range for the proposed offering have not yet been determined.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.
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SOURCE The AES Corporation
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