Forgent Power Solutions Announces Launch of Initial Public Offering

fidelity
2026.01.26 12:30
portai
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Forgent Power Solutions, Inc. has launched its initial public offering (IPO) roadshow, offering 39,413,177 shares from parent entities and 16,586,823 shares from the company itself. The IPO price is expected between $25.00 and $29.00 per share, with plans to list on the NYSE under the ticker "FPS." Goldman Sachs, Jefferies, and Morgan Stanley are leading the offering. Proceeds will be used to redeem interests in an operating subsidiary. A registration statement has been filed with the SEC but is not yet effective.