Forgent Power Solutions Prices IPO at $27 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2026
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Should l Buy FPS?
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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Analyst Views on FPS
Wall Street analysts forecast FPS stock price to rise
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Current: 29.130
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Current: 29.130
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About FPS
Forgent Power Solutions, Inc. is a holding company. The Company will operate through Forgent Power Solutions LLC and its subsidiaries. It offers powertrain solutions, standard and custom products, and services. Its powertrain solutions include in-house engineering to manufacture critical components and deliver prefabricated solutions. Its standard and custom products include Medium Voltage/Low Voltage (MV/LV) transformers, LV/MV Switchboards & Switchgear, Power Skids & E-Houses, and Tap Off Boxes. Its services include comprehensive commissioning and repair services across transformers, switchgear, integrated power skids, and controls. Its LV/MV Switchboards & Switchgear products include Switchboards, Switchgear, Panelboards, Automatic Transfer Switches, Generator Connection Cabinets, Power Distribution Units, and Remote Power Panels. Its LV/MV transformers include Dry Type Transformers and Liquid Filled Transformers.
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.
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- Decline in IPO Count: A total of 35 IPOs raised $9.9 billion this quarter, reflecting a drop in deal count from previous periods; however, 22 of these IPOs raised over $100 million, including Forgent, which raised over $1 billion, indicating sustained demand for larger offerings.
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- Offering Size: Forgent Power Solutions successfully closed a public offering of 23,716,795 shares of Class A common stock at a price of $29.50 per share, indicating strong market demand for its electrical distribution equipment, although the company did not receive proceeds from the sale.
- Shareholder Dynamics: The offering included 3,027,921 shares sold by shareholders controlled by Neos Partners, LP, reflecting confidence in the company's future while providing funds to redeem interests in an operating subsidiary, thereby optimizing its capital structure.
- Underwriter Lineup: Goldman Sachs, Jefferies, and Morgan Stanley acted as joint lead book-running managers for the offering, enhancing market trust in Forgent and potentially elevating its position in the electrical distribution industry.
- Compliance Statement: The offering adhered to registration requirements under securities laws, ensuring investor rights and further enhancing the company's transparency and compliance in the capital markets.
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- Company Announcement: Forgent Power Solutions has announced the pricing of its public offering of Class A common stock.
- Stock Offering Details: The offering is aimed at raising capital, with specific details about the number of shares and pricing yet to be disclosed.
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