Initial Public Offering

Energy
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.

For additional information about this transaction, please contact:

Michael Horwitz (415) 627-3284
Greg Ingram (414) 298-7838
Mathew Kessler (415) 627-3223
Michael Wolff +49 (0) 69 130 149 49
Energy
Initial Public Offering
Date
June 2014
Company
Aspen Aerogels, Inc.
Transaction
M&A
Sectors
Energy
Target Location
North America

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