Forgent Power Solutions Raises $1.5 Billion in IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2026
0mins
Should l Buy FPS?
Source: renaissancecapital
- Capital Raise: Forgent Power Solutions successfully raised $1.5 billion by offering 56 million shares at $27 each, indicating strong market demand for its electrical distribution equipment.
- Shareholder Structure: In this offering, PE investor Neos Partners sold 70% of the shares, while the remaining 30% was a synthetic secondary, reflecting the company's flexibility and diverse financing strategies in the capital markets.
- Market Positioning: Forgent focuses on electrical distribution equipment for data centers, power grids, and industrial facilities, with 42% of its business coming from data centers in fiscal year 2025, highlighting its significant role in the rapidly growing digital infrastructure market.
- Manufacturing Capacity: The company operates 10 manufacturing campuses across the U.S. and Mexico, totaling 2.3 million square feet, producing over 1,500 unique designs annually with an average batch count of 15 units per design, ensuring its competitiveness and innovation in the industry.
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Analyst Views on FPS
Wall Street analysts forecast FPS stock price to rise
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Current: 31.730
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About FPS
Forgent Power Solutions Inc, located in Dayton, Minessota, is an electrical apparatuses and equipment wholesaler. It is a manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. The company was founded in July 21, 2025.
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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