Fervo Energy Co

Fervo Energy Co (FRVO) priced its initial public offering on May 14, 2026 at $27.00 per share. At the IPO price its market capitalization was about $7.66B. J.P. Morgan was lead-left underwriter, joined by BofA Securities, RBC Capital Markets and Barclays and others. Latham & Watkins advised the company and Vinson & Elkins advised the underwriters.

Status

IPO

Ticker

FRVO

Priced

May 14, 2026

IPO price

$27.00

Market cap at IPO price

$7.66B

First filed

Apr 17, 2026

Underwriters

J.P. Morgan, BofA Securities, RBC Capital Markets, Barclays, Baird, Guggenheim, Societe Generale, William Blair, Piper Sandler, Wolfe Research and Nomura

Company counsel

Latham & Watkins

Underwriters' counsel

Vinson & Elkins

Sector

Energy, mining & utilities

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.