$14.4 million over-allotment option exercised in full
By Angela McDaniels
Tacoma, Wash., May 22 – Fenix Parts, Inc. said the underwriters of its initial public offering exercised their $14.4 million over-allotment option in full, increasing the amount of shares sold to $110.4 million.
As previously reported, the company priced $96 million of the stock on May 14. Including the greenshoe, it sold 13.8 million shares for $8.00 each.
BMO Capital Markets Corp. and Stifel, Nicolaus & Co., Inc. are the bookrunning managers.
The company expects its shares to trade on the Nasdaq Global Market under the symbol “FENX.”
Fenix Parts recycles and resells original equipment manufacturer automotive products and is based in Westchester, Ill.
| Issuer: | Fenix Parts, Inc.
|
| Issue: | Common stock
|
| Amount: | $110.4 million
|
| Shares: | 13.8 million
|
| Price: | $8.00
|
| Warrants: | No
|
| Bookrunners: | BMO Capital Markets Corp. and Stifel, Nicolaus & Co., Inc.
|
| Co-managers: | BB&T Capital Markets and Barrington Research Associates, Inc.
|
| Pricing date: | May 14
|
| Settlement date: | May 22
|
| Expected listing: | Nasdaq: FENX
|
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