Forgent Power Solutions Launches $1.5B IPO on NYSE

Forgent Power Solutions Completes $1.5 Billion IPO

Forgent Power Solutions, Inc. has successfully completed its initial public offering, raising approximately $1.5 billion. The electrical distribution equipment manufacturer began trading on the New York Stock Exchange on February 5, 2026, after its registration statement was declared effective by the Securities and Exchange Commission on January 28, 2026.

Offering Overview

The IPO consisted of 56 million shares of Class A common stock priced at $27.00 per share. The offering included 16.6 million new shares sold by the company and 39.4 million shares sold by existing stockholders controlled by Neos Partners, LP. Forgent will not receive any proceeds from the shares sold by the existing stockholders.

The company will use its net proceeds to redeem interests in an operating subsidiary, which will also bear all offering expenses.

Market Impact and Company Profile

Based in Dayton, Minnesota, Forgent Power Solutions designs and manufactures custom electrical distribution equipment for critical sectors such as data centers, power grids, and energy-intensive industrial facilities. The company's public debut provides it with greater visibility in a technically demanding market.

The offering was managed by a syndicate of major financial institutions, with Goldman Sachs & Co. LLC, Jefferies, and Morgan Stanley serving as joint lead book-running managers.

Summary

The successful listing allows Forgent Power Solutions public market access for future growth while enabling early investors to capitalize on their holdings. Market participants will now watch the company's performance as it operates as a public entity in the high-demand electrical infrastructure sector.

FAQ

Q: How large was Forgent Power Solutions' IPO?
A: The IPO raised approximately $1.5 billion through the sale of 56 million shares priced at $27.00 each.

Q: Who were the primary sellers of stock in the offering?
A: The majority of shares, 39.4 million, were sold by existing stockholders affiliated with Neos Partners, LP, while the company itself sold 16.6 million shares.

Source: Investing.com