NYSE Content Update: Forgent Power Solutions, Post IPO, to Ring Opening Bell
Rhea-AI Summary
Forgent Power Solutions (NYSE: FPS) marked its early February IPO by ringing the NYSE Opening Bell on February 12, 2026, after shares rose 22% since trading began. The NYSE pre-market update noted broader market moves after a 130,000 jobs print from the Bureau of Labor Statistics.
The NYSE also highlighted Veradermics (NYSE: MANE) and announced a new NYSE Texas Advisory Board to support listings and trading in the Southwestern U.S.
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News Market Reaction
On the day this news was published, FPS declined 3.94%, reflecting a moderate negative market reaction. This price movement removed approximately $412M from the company's valuation, bringing the market cap to $10.06B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peer stocks with momentum flags or same-day headlines were provided, suggesting FPS’s 6.72% move is company-specific rather than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 09 | Over-allotment exercise | Positive | -0.8% | Underwriters fully exercised IPO over-allotment option for additional primary shares. |
| Feb 06 | IPO closing | Positive | +16.4% | Initial public offering closed and shares began trading at $27.00 per share. |
Early IPO news has shown mixed reactions: one positive move and one mild pullback despite generally constructive offering updates.
Recent news on Forgent Power Solutions centers on its initial public offering. On Feb 6, the company announced the IPO closing and Nasdaq listing, with a strong 16.41% next-day move. On Feb 9, it reported full exercise of the underwriters’ over-allotment option, adding 8,400,000 shares at $27.00, but the stock slipped 0.77%. Today’s opening-bell feature and post-IPO performance fit into this early trading and capital-structure transition phase.
Market Pulse Summary
This announcement highlights Forgent Power Solutions’ early post-IPO visibility, noting a 22% share increase since trading began and the company’s appearance at the NYSE opening bell. Recent filings documented completion of the IPO at $27.00 per share, full exercise of an 8,400,000-share over-allotment, and subsequent insider transactions. Investors monitoring this story may focus on how trading volume, insider activity, and follow-on disclosures shape sentiment as the newly public company establishes its track record.
Key Terms
IPO financial
AI-generated analysis. Not financial advice.
NYSE issues a pre-market daily advisory direct from the trading floor.
NEW YORK, Feb. 12, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
Ashley Mastronardi delivers the pre-market update on February 12th
- Markets are higher after mixed reactions to yesterday's hotter than expected Jobs Report as the Bureau of Labor Statistics reported that the U.S. economy added 130,000 jobs.
- Forgent Power Solutions (NYSE: FPS) is celebrating its early February IPO this morning with shares having jumped
22% since trading began. - Veradermics (NYSE: MANE) CEO Dr. Reid Waldman will join NYSE Live to discuss company shares popping more than
150% since pricing its IPO last week. - The NYSE announced the launch of the NYSE Texas Advisory Board, developed to support its mission of offering public companies a listing and trading venue centered within the Southwestern U.S.
Opening Bell
Forgent Power Solutions (NYSE: FPS) celebrates its recent IPO
Closing Bell
Veradermics (NYSE: MANE) celebrates its recent IPO
For market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-update-forgent-power-solutions-post-ipo-to-ring-opening-bell-302686478.html
SOURCE New York Stock Exchange