Forgent Power Solutions Prices IPO at $27 Per Share

Key IPO Details Announced

Forgent Power Solutions Inc., a manufacturer specializing in electrical distribution equipment, has officially priced its initial public offering at $27.00 per share. The company will be listed on the New York Stock Exchange under the ticker symbol "FPS".

Offering Structure and Proceeds

The offering comprises a total of 56,000,000 shares. This includes 16,586,427 shares offered by Forgent and 39,413,573 shares from selling stockholders affiliated with Neos Partners, LP. Forgent has stated it will not receive any proceeds from the shares sold by the existing stockholders. The company intends to use its net proceeds to redeem interests in an operating subsidiary.

Market Timeline and Underwriters

Trading is expected to commence on February 5, 2026, with the offering anticipated to close on February 6, 2026, subject to standard conditions. The underwriting is led by a consortium of major financial institutions, with Goldman Sachs & Co. LLC, Jefferies, and Morgan Stanley acting as joint lead book-running managers.

Summary

The pricing of Forgent Power Solutions' IPO marks a significant step for the company as it enters the public market. Investors will be closely watching the stock's performance when it begins trading on the NYSE under the "FPS" ticker. The move is backed by a strong lineup of underwriters, indicating solid institutional interest.

FAQ

Q: What is Forgent Power Solutions' official IPO price?
A: The initial public offering is priced at $27.00 per share.

Q: What is the ticker symbol for Forgent Power Solutions?
A: The company will trade on the New York Stock Exchange under the ticker symbol "FPS".

Q: When will Forgent Power Solutions stock be available for trading?
A: The shares are expected to begin trading on February 5, 2026.

Source: Investing.com