Electrical equipment maker Forgent Power Solutions sets terms for $1.5 billion IPO
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Forgent Power Solutions, an electrical equipment manufacturer, has announced terms for its $1.5 billion IPO, planning to offer 56 million shares at a price range of $25 to $29. At the midpoint, the company would have a market value of $8.2 billion. Founded in 2023, Forgent serves data centers, power grids, and industrial facilities, with $882 million in sales for the year ending September 30, 2025. The company operates 10 manufacturing campuses and plans to list on the NYSE under the symbol FPS, with pricing expected in early February 2026.
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