The AES and Siemens-owned energy storage system provider’s proposed IPO on the Nasdaq Global Market has a $100m placeholder figure.

Fluence Energy, a Germany-based energy storage technology developer formed by electric utility AES Corporation and industrial technology and appliance producer Siemens, filed for an initial public offering yesterday. The offering has a placeholder target of $100m and is set to take place on the Nasdaq Global Market. The company did not disclose the number of…

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