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Aspen Aerogels Inc prices initial public offering


Friday, 13 Jun 2014 08:00am EDT 

Aspen Aerogels Inc:Prices initial public offering of 7,500,000 shares of common stock at $11.00 per share for total gross proceeds of $82,500,000.Grants underwriters 30-day option to purchase up to additional 1,125,000 shares of common stock at initial public offering price less underwriting discount.Expects to begin trading on New York Stock Exchange on June 13 under symbol 'ASPN.Net proceeds from this offering to fund additional expenditure for its third production line at its facility in East Providence, R.I., for repayment of amounts outstanding and for general corporate purposes.Barclays, J.P. Morgan, and Citigroup are acting as joint book-running managers of the offering.Baird and Canaccord Genuity are acting as co-managers of offering. 

Company Quote

8.49
1.3 +18.08%
19 Dec 2014