Fenix Parts, a recently formed rollup of thirteen recycled auto part facilities, raised $96 million by offering 12 million shares at $8, below the range of $9 to $11. The company had initially planned to offer 11 million shares. Fenix raised 13% fewer proceeds than initially anticipated and, at its offer price, is now valued at $143 million market cap. Fenix Parts will list on the NASDAQ under the symbol FENX. BMO Capital Markets and Stifel acted as lead managers on the deal.
