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LNG company New Fortress Energy’s IPO could raise $428MM
Government shutdown puts launch this week in limbo
Integrated gas-to-power company New Fortress Energy LLC announced it will offer 22.2 million Class A common shares at between $17 and $19 each in an initial public offering that could net the company about $371.3 million at midpoint of the proposed range and up to $427.8 million assuming full exercise of the 3.33 million-share underwriters’ overallotment option. At midpoint, the company would start Nasdaq trading under the symbol NFE with a fully diluted market value of $3 billion. The US Securities and......
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