Wednesday, June 13, 2018

Bloom Energy Files For $100M IPO

Sunnyvale-based Bloom Energy, which develops on-site, fuel cell-based power generation systems, has filed for an IPO. The company said in its S-1 filing that it looking to raised up to $100M in its IPO, and has filed to trade as BE on the New York Stock Exchange. The IPO is being underwritten by J.P. Morgan, Morgan Stanley, Credit Suisse, KeyBanc Capital Markets, BofA Merrill Lynch, Baird, Cowen, HSBC, Oppenheimer & Co. and Raymond James. The company's largest investors are Kleiner Perkins Caufield & Byers, the Kuwait Investment Authority, New Enterprise Associates, Alberta Investment Management Corporation, and Advanced Equities.