VC-backed Aspen Aerogels files for IPO

Aspen Aerogels has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Aspen Aerogels plans on listing the stock on the NYSE under the ticker symbol “ASPN.” Barclays Capital, J.P. Morgan Securities and Citigroup Global Markets are serving as lead underwriters. Headquartered in Northborough, Mass., Aspen Aerogels is a maker of aerogel insulation used mostly in energy infrastructure facilities. The firm’s backers include BASF Venture Capital, Reservoir Capital Partners, Arcapita Ventures, Tenaya Capital and RockPort Capital Partners.

PRESS RELEASE

NORTHBOROUGH, Mass., April 28, 2014 /PRNewswire/ — Aspen Aerogels, Inc. (“Aspen Aerogels”) announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The common stock is expected to be listed on the New York Stock Exchange under the symbol “ASPN”. The number of shares to be sold and the price range for the proposed offering have not yet been determined.
Barclays Capital Inc., J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as joint book-running managers of the proposed offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
The proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus related to the offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at: barclaysprospectus@broadridge.com , or by telephone: (888) 603-5847; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling tolling-free at 1-866-803-9204; and Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel:800-831-9146).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Aspen Aerogels, Inc.
Aspen Aerogels is an energy technology company that designs, develops and manufactures innovative, high-performance aerogel insulation used primarily in large-scale energy infrastructure facilities. Headquartered in Northborough, Mass., Aspen Aerogels manufactures its Cryogel®, Pyrogel® and Spaceloft® products at its facility in East Providence, R.I.

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