Fenix (FXEN) Sees Red-to-Green Move Following IPO Open

Today's IPO for Fenix Parts, Inc. (Nasdaq: FENX) opened for trading at $7.80 after pricing 12,000,000 shares of its common stock at a price to the public of $8.00 per share. Shares have since moved higher to $8.14 (+1.8%).

BMO Capital Markets and Stifel are acting as Joint Book-Running Managers for the offering. BB&T Capital Markets and Barrington Research are acting as Co-managers.

Fenix Parts is a leading recycler and reseller of original equipment manufacturer ("OEM") automotive products. The company's primary business is auto recycling, which is the recovery and resale of OEM parts, components and systems reclaimed from damaged, totaled or low value vehicles. Customers include collision repair shops (body shops), mechanical repair shops, auto dealerships and individual retail customers. Fenix provides its customers with high-quality recycled OEM products, extensive inventory and product availability, responsive customer service and fast delivery.

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