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.
