Aspen Aerogels (ASPN) Files $86M IPO

Aspen Aerogels, Inc. (NYSE: ASPN) 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 maximum offering size is $86.25M and 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.

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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