Deal handled by bookrunners BMO, Stifel, co-managers BB&T, Barrington
By Devika Patel
Knoxville, Tenn., May 14 – Fenix Parts, Inc. said it priced its $96 million initial public sale of stock with a $14.4 million greenshoe.
The company will sell 12 million common shares at $8.00 per share.
BMO Capital Markets and Stifel are the bookrunning managers.
The recycler and reseller of original equipment manufacturer automotive products is based in Westchester, Ill. The company expects its shares will trade on the Nasdaq under the symbol “FENX.”
| Issuer: | Fenix Parts, Inc.
|
| Issue: | Common stock
|
| Amount: | $96 million
|
| Greenshoe: | $14.4 million, 1.8 million shares
|
| Shares: | 12 million
|
| Price: | $8.00
|
| Warrants: | No
|
| Bookrunners: | BMO Capital Markets and Stifel
|
| Co-managers: | BB&T Capital Markets and Barrington Research
|
| Pricing date: | May 14
|
| Stock exchange: | Nasdaq: FENX
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
