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Aspen Aerogels files IPO with US SEC
03
Jun '14
Aspen Aerogels, Inc. announced that it has commenced an initial public offering of 6,666,667 shares of common stock pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The initial public offering price is currently expected to be between $14.00 and $16.00 per share. 
 
Aspen Aerogels intends to grant the underwriters an option to purchase up to an additional 1,000,000 shares of common stock at the initial public offering price less the underwriting discount, within 30 days from the date of the offering.  An application has been made to list the common stock of Aspen Aerogels on the New York Stock Exchange under the symbol "ASPN." 
 
Aspen Aerogels intends to use the net proceeds from this proposed offering to fund additional expenditure for its third production line at its facility in East Providence, R.I., for repayment of amounts outstanding under its revolving line of credit and subordinated notes, and for general corporate purposes, which will include funding a portion of the design, development and construction of its planned second production plant in Europe or Asia after completion of its third production line at its facility in East Providence, R.I.
 
Barclays, J.P. Morgan, and Citigroup are acting as joint book-running managers of the proposed offering. Baird and Canaccord Genuity are acting as co-managers of the proposed offering. 
 
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 
 
About Aspen Aerogels, Inc.
Aspen Aerogels is an energy technology company that designs, develops and manufactures innovative, high-performance aerogel insulation used primarily in large-scale energy infrastructure facilities. Headquartered in Northborough, Mass., Aspen Aerogels manufactures its Cryogel, Pyrogel and Spaceloft products at its facility in East Providence, R.I.
 

Aspen Aerogels


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