Nuvera Fuel Cells, backed by Amerada Hess, files IPO
WASHINGTON, Nov 8 (Reuters) - Nuvera Fuel Cells Inc., which claims that its technologies provide power and heat that are more energy efficient and environmentally cleaner than other power sources, filed on Wednesday to go public.
The Cambridge, Mass.-based company is looking to raise $115 million in an initial public offering of common stock, using the net proceeds for working capital, capital expenditures and general corporate purposes, it said in a Securities and Exchange Commission filing.
Nuvera, which has applied for a Nasdaq listing under the symbol "NVRA" , will reveal later the number of shares it is selling and their price range.
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