SOLV Energy Announces Pricing of Initial Public Offering

Rhea-AI Summary

SOLV Energy (NASDAQ: MWH) priced its initial public offering of 20,500,000 Class A shares at $25.00 per share, implying gross proceeds of approximately $512.5 million. The underwriters have a 30-day option to buy up to 3,075,000 additional shares.

Shares are expected to begin trading on the Nasdaq Global Select Market on February 11, 2026, with the offering expected to close on February 12, 2026, subject to customary closing conditions.

Positive

• Gross proceeds of approximately $512.5M from 20,500,000 shares
• Listing set for Nasdaq Global Select on Feb 11, 2026
• Established underwriters including Jefferies and J.P. Morgan

Negative

• Underwriters’ 30-day overallotment may add 3,075,000 shares (15%)
• Closing subject to customary conditions; expected close Feb 12, 2026

Key Figures

IPO share count: 20,500,000 shares IPO price: $25.00 per share Underwriters' option: 3,075,000 shares +5 more

8 metrics

IPO share count 20,500,000 shares Initial public offering of Class A common stock

IPO price $25.00 per share Public offering price for Class A common stock

Underwriters' option 3,075,000 shares 30-day option to purchase additional Class A shares

Overallotment period 30 days Underwriters’ option term for additional shares

Trading start date February 11, 2026 Expected start of trading on Nasdaq Global Select Market

Expected closing date February 12, 2026 Expected closing of the initial public offering

S-1 effectiveness date January 30, 2026 Form S-1 registration statement declared effective by SEC

Ticker symbol MWH Planned listing on Nasdaq Global Select Market

Market Reality Check

normal vol

Market Pulse Summary

This announcement details the pricing of SOLV Energy’s IPO at $25.00 per share for 20,500,000 Class ...

Analysis

This announcement details the pricing of SOLV Energy’s IPO at $25.00 per share for 20,500,000 Class A shares, with an additional 3,075,000 share option for underwriters and an expected Nasdaq Global Select Market listing under ticker MWH. Investors may focus on the S-1 disclosures effective on January 30, 2026, including growth plans, risk factors, and capital allocation priorities, and on how early public-company reporting aligns with the assumptions set at the IPO pricing.

Key Terms

initial public offering, nasdaq global select market, form s-1, prospectus

4 terms

initial public offering financial

"announced the pricing of its initial public offering of 20,500,000 shares"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

nasdaq global select market financial

"shares are expected to begin trading on the Nasdaq Global Select Market"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

form s-1 regulatory

"A registration statement on Form S-1 relating to these securities"

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

prospectus regulatory

"The offering of these securities is being made only by means of a prospectus"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. Not financial advice.

SAN DIEGO, Feb. 10, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”), a leading provider of infrastructure services to the power industry, today announced the pricing of its initial public offering of 20,500,000 shares of its Class A common stock, at a public offering price of $25.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 3,075,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the Nasdaq Global Select Market on February 11, 2026, under the ticker symbol “MWH.” The closing of the offering is expected to occur on February 12, 2026, subject to customary closing conditions.

Jefferies and J.P. Morgan are acting as joint lead book-running managers for the offering. KeyBanc Capital Markets, TD Cowen, UBS Investment Bank, Baird, Evercore ISI, Guggenheim Securities, Wolfe | Nomura Alliance, CIBC Capital Markets and Roth Capital Partners are acting as bookrunners for the offering. Academy Securities is acting as co-manager for the offering.

The offering of these securities is being made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov. Alternatively, copies of the final prospectus may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, or by telephone at +1 (877) 821-7388, or by email at prospectus_department@jefferies.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.

A registration statement on Form S-1 relating to these securities was declared effective by the SEC on January 30, 2026. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About SOLV

SOLV Energy is a leading provider of infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. Since 2008, we have built more than 500 power plants, representing 20 GW of generating capacity. SOLV Energy also provides operations and maintenance (O&M) services to 146 operating power plants, representing over 18 GW of generating capacity. In addition to EPC and O&M for utility-scale power plants and related T&D infrastructure, we offer large-scale repair, emergency response and repowering services and install end-to-end SCADA and network infrastructure solutions to maximize project performance and energy availability.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” or similar expressions and the negatives of those terms.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking statements. These factors include but are not limited to those described under “Risk Factors” in SOLV’s registration statement on Form S-1, as amended, relating to the initial public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. Except as required by law, SOLV assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Contact:
Solebury Strategic Communications / Anthony Rozmus
InvestorRelations@solvenergy.com

Media Contact:
Ashley McCarthy
media@solvenergy.com

FAQ

What size and price did SOLV Energy (MWH) set for its IPO on February 11, 2026?

SOLV priced 20,500,000 Class A shares at $25.00 per share. According to the company, that equals roughly $512.5 million gross proceeds, with an underwriter option for an additional 3,075,000 shares exercisable within 30 days.

When will SOLV Energy (MWH) start trading on Nasdaq and when is the offering expected to close?

Shares are expected to begin trading on Nasdaq Global Select on February 11, 2026. According to the company, the offering is expected to close on February 12, 2026, subject to customary closing conditions.

Who are the lead underwriters for SOLV Energy’s (MWH) IPO and how can investors obtain the prospectus?

Jefferies and J.P. Morgan are joint lead book-running managers for the IPO. According to the company, the final prospectus is available free via the SEC EDGAR site or from the listed syndicate contacts.

What is the underwriters’ overallotment for SOLV Energy (MWH) and how could it affect share count?

The underwriters have a 30-day option to purchase up to 3,075,000 additional shares. According to the company, exercising that option would increase the issued Class A shares by about 15% versus the initial allotment.

Does the SOLV Energy (MWH) press release constitute an offer to buy or sell the IPO shares?

No, the press release is not an offer to sell or a solicitation to buy the shares. According to the company, sales will be made only by means of a prospectus and where lawful prior to registration or qualification.