Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
Bloom Energy Corporation (“Bloom” or the “Company”) (NYSE: BE) recently completed an initial public offering of 18,000,000 Class A common stock at a price of $15.00 per share, generating gross proceeds of $270.0 million. In addition, the Company has granted the underwriters an option to purchase up to 2,700,000 additional shares. The Company intends to use the net proceeds of this offering for research and development and sales and marketing activities, general and administrative matters and capital expenditures.Bloom provides solid oxide fuel cell technology to generate onsite power from various fuel sources. The Company has developed and distributed an on-site electric power solution that is redefining the $2.4 trillion electric power market and transforming how power is generated and delivered in the commercial and industrial sectors. The Company is headquartered in Sunnyvale, California.
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- Date
- July 2018
- Company
- Bloom Energy Corporation
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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