Bloom Energy Corporation Initial Public Offering

Davis Polk advised the underwriters in connection with an initial public offering of 18,000,000 shares of common stock of Bloom Energy Corporation at $15.00 per share, for total gross proceeds of $270 million. Bloom has granted the underwriters an option to purchase up to an additional 2,700,000 shares. The common stock is listed on the New York Stock Exchange under the symbol “BE.”

Bloom’s mission is to make clean, reliable and affordable energy for everyone in the world. Their solution, the Bloom Energy Server, is a stationary power generation platform that uses solid oxide fuel cells to produce highly reliable, uninterrupted, 24x7 constant (or base load) power that is also clean and sustainable.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Emily Roberts, Dongbiao Shen, Xin (Anita) Guo and Laurel Mills. Counsel Betty Moy Huber provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. Counsel Michelle Ontiveros Gross and associate Jason J. Bang provided intellectual property and technology advice. The tax team included partner Rachel D. Kleinberg. Members of the Davis Polk team are based in the Northern California and New York offices.