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Forgent Power Solutions (NYSE: FPS) closed its initial public offering, with shares beginning trading on February 5, 2026. The offering included 39,413,573 secondary shares sold by selling stockholders and 16,586,427 primary shares sold by Forgent at an IPO price of $27.00 per share.
Forgent will use net proceeds from its share sale to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP. The SEC declared the registration effective on January 28, 2026.
Forgent Power Solutions (NYSE: FPS) priced its initial public offering at $27.00 per share, with 39,413,573 shares offered by selling stockholders and 16,586,427 shares offered by Forgent. Underwriters have a 30-day option to purchase up to an additional 8,400,000 shares in total.
The shares are expected to begin trading on February 5, 2026 and the offering closing is expected on February 6, 2026, subject to customary conditions. Net proceeds to Forgent will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners.
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