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Natural gas and logistics company New Fortress Energy files for a $100 million IPO


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New Fortress Energy, a integrated gas-to-power company formed by Fortress Investment Group, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The New York, NY-based company was founded in 2018 and booked $106 million in revenue for the 12 months ended September 30, 2018. It plans to list on the Nasdaq under the symbol NFE. New Fortress Energy filed confidentially on August 16, 2018. Morgan Stanley and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Natural gas and logistics company New Fortress Energy files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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