Forgent Power Solutions Prices IPO at $27 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Should l Buy ?
Source: Businesswire
- IPO Pricing: Forgent Power Solutions has priced its Class A common stock IPO at $27 per share, with trading expected to commence on February 5, 2026, indicating strong market demand for its electrical distribution equipment.
- Share Offering Size: The offering consists of 39,413,573 shares sold by parent entities controlled by Neos Partners, LP, and 16,586,427 shares offered by Forgent itself, reflecting the company's proactive financing strategy in the capital markets.
- Underwriter Arrangement: Goldman Sachs, Jefferies, and Morgan Stanley are acting as joint lead book-running managers, showcasing market confidence in Forgent while providing robust support for future financing efforts.
- Clear Use of Proceeds: The net proceeds from Forgent's share sale will be used to redeem interests in an operating subsidiary held by Neos Partners, LP, demonstrating the company's strategic intent to optimize its capital structure and enhance financial flexibility.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
