New Fortress Energy To Likely Attempt IPO Shutdown Workaround

New Fortress Energy LLC will likely attempt a workaround to go public amid the U.S. government's partial shutdown, the Wall Street Journal reported on Jan. 22, citing people familiar with the matter. The company, which builds natural gas-fired power plants, is likely to attempt an initial public offering without the Securities and Exchange Commission's explicit green light, in a move that will involve changing language in its IPO paperwork to make it automatically effective after 20 days, the Journal reported. RELATED: Integrated LNG Company New Fortress Energy Launches $400 Million IPO The company was preparing for its IPO when the government shut down in December over President Donald Trump's demand for $5.7 billion to build a wall along the U.S.-Mexico border, in what has become longest shuttering of federal agencies in U.S. history.

https://www.shaledirectories.com/blog/new-fortress-energy-to-likely-attempt-ipo-shutdown-workaround/