Investment Banking
Joint Bookrunner on Forgent Power Solutions, Inc.’s $1.73 Billion IPO
February 12, 2026
Oppenheimer & Co. Inc. acted as Joint Bookrunner on Forgent Power Solutions, Inc.’s $1.73 Billion Initial Public Offering
Forgent Power Solutions, Inc. (“Forgent” or the “Company”), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, on February 6, 2026 announced the closing of the initial public offering of its Class A common stock. The offering consists of 39,413,573 shares of Class A common stock being offered by parent entities of the Company controlled by Neos Partners, LP (the “Selling Stockholders”) and 16,586,427 shares of Class A common stock being offered by Forgent, in each case at an initial public offering price of $27.00 per share, less underwriting discounts and commissions.
Forgent will not receive any proceeds from the sale of shares by the Selling Stockholders and the net proceeds Forgent receives from the sale of its shares will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners, LP. The operating subsidiary will bear or reimburse the Company for all of the expenses of the offering.
The shares began trading on February 5, 2026 on the New York Stock Exchange under the ticker symbol “FPS.”
Read the full press release here: Forgent Power Solutions Announces Closing of Initial Public Offering | Forgent News
Industrials Investment Banking
Name:
Geoffrey Warren
Title:Managing Director, Co-Head of Industrials
Equity Capital Markets
Name:
Peter Bennett
Title:Managing Director, Head of Equity Capital Markets
Name:
John Hyland
Title:Managing Director
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