FLUENCE FILES REGISTRATION STATEMENT WITH SEC FOR PROPOSED IPO

KUALA LUMPUR, Sept 29 (Bernama) -- Fluence, a leading provider of energy storage products and services and digital applications for renewables and storage, announced it 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 Class A 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.

J.P. Morgan Securities LLC, Morgan Stanley & Co LLC, Barclays Capital Inc, and BofA Securities will act as lead book-running managers for the proposed offering.

Citigroup Global Markets Inc, Credit Suisse Securities (USA) LLC, UBS Securities LLC, Evercore Group L.L.C., HSBC Securities (USA) Inc, and RBC Capital Markets LLC will act as joint book-running managers for the proposed offering.

Meanwhile, Nomura Securities International Inc, Robert W. Baird & Co Incorporated, Raymond James & Associates Inc, Seaport Global Securities LLC, Penserra Securities LLC, and Siebert Williams Shank & Co LLC will act as co-managers for the proposed offering.

According to a statement, the proposed offering will be made only by means of a prospectus. 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.

-- BERNAMA