Forgent Power Solutions, Inc.

Forgent Power Solutions, Inc. (FPS) priced its initial public offering on Feb 6, 2026 at $27.00 per share, raising $1.51B, and listed on NYSE. At the IPO price its market capitalization was about $8.22B. Goldman Sachs was lead-left underwriter, joined by Jefferies, Morgan Stanley and J.P. Morgan and others. Weil, Gotshal & Manges advised the company and Latham & Watkins advised the underwriters.

Forgent Power Solutions, Inc. designs and manufactures electrical distribution equipment for data centers, the power grid and energy-intensive industrial facilities. Its offerings include complete systems on skids and eHouses that move work from the field to the factory.

Status

IPO

Ticker

FPS

Exchange

NYSE

Priced

Feb 6, 2026

IPO price

$27.00

Raised

$1.51B

Market cap at IPO price

$8.22B

First filed

Jan 9, 2026

Underwriters

Goldman Sachs, Jefferies, Morgan Stanley, J.P. Morgan, BofA Securities, Barclays, TD Cowen, Wolfe Research, Nomura, KeyBanc, Oppenheimer and Stifel

Company counsel

Weil, Gotshal & Manges

Underwriters' counsel

Latham & Watkins

Sector

Industrials & materials

Country / state

CA

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