Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
Aspen Aerogels (“Aspen” or the “Company”) (NYSE: ASPN) recently completed an initial public offering of 7,500,000 shares of common stock at a price of $11.00 per share, generating gross proceeds of approximately $82.5 million. Aspen intends to use the net proceeds from the offering for expansion of additional production facilities, debt repayment and general corporate purposes.Aspen is an energy technology company that designs, develops and manufactures high performance aerogel insulation used primarily in large-scale energy infrastructure facilities. The Company believes its aerogel blankets deliver the best thermal performance of any widely used insulation product available on the market today and provide a combination of performance attributes unmatched by traditional insulation materials. Aspen’s products provide two to five times the thermal performance of widely used traditional insulation in a thin, easy-to-use and durable blanket form. The Company’s end-use customers select its products where thermal performance is critical and to save money, reduce energy use, preserve operating assets and protect workers. Aspen is headquartered in Northborough, Massachusetts.
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- Date
- June 2014
- Company
- Aspen Aerogels, Inc.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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