Forgent Power Solutions Prices Initial Public Offering, Set to Debut on NYSE
Forgent Power Solutions, Inc. (“Forgent”), a designer and manufacturer of electrical distribution equipment for data centers, power grid infrastructure, and energy-intensive industrial facilities, has announced the pricing of its initial public offering (IPO). The company’s Class A common stock has been priced at $27.00 per share, with trading expected to begin on the New York Stock Exchange under the ticker symbol “FPS” on February 5, 2026.
The offering includes a total of 56,000,000 shares of Class A common stock. Of these, 39,413,573 shares are being sold by parent entities controlled by Neos Partners, LP, referred to as the selling stockholders, while 16,586,427 shares are being offered directly by Forgent. In addition, the company and the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 8,400,000 shares at the IPO price, less underwriting discounts and commissions. This option includes up to 5,912,036 shares from the selling stockholders and 2,487,964 shares from the company.
Forgent stated that it will not receive any proceeds from the shares sold by the selling stockholders. The net proceeds from the shares issued by the company will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners. The operating subsidiary will also cover or reimburse the company for all expenses associated with the offering.
The IPO represents a significant milestone for Forgent as it seeks to expand its presence in markets driven by surging demand for data center infrastructure, grid modernization, and industrial electrification. The company’s products are used in environments that require reliable and efficient electrical distribution systems, positioning it to benefit from ongoing investment in digital infrastructure and energy systems.
The offering is expected to close on February 6, 2026, subject to customary closing conditions.
A syndicate of major financial institutions is managing the transaction. Goldman Sachs & Co. LLC, Jefferies, and Morgan Stanley are acting as joint lead book-running managers. J.P. Morgan, BofA Securities, and Barclays are serving as bookrunners, while TD Cowen, MUFG, Wolfe | Nomura Alliance, KeyBanc Capital Markets, Oppenheimer & Co., and Stifel are participating as passive bookrunners.
The securities are being offered through a prospectus filed with the U.S. Securities and Exchange Commission (SEC). A registration statement on Form S-1 related to the offering was declared effective on January 28, 2026. Investors can obtain copies of the final prospectus through the SEC’s EDGAR database or directly from the lead underwriters once available.
As with all IPO communications, the company emphasized that the announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction where such an offer or sale would be unlawful prior to registration or qualification under applicable securities laws. Any investment decisions should be made solely on the basis of the official prospectus and related filings.
About Forgent Power Solutions, Inc.
Forgent is a leading U.S. designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. The Company specializes in manufacturing custom products that are “engineered-to-order” for technically demanding applications. We believe Forgent is one of a small number of companies that can manufacture all of the electrical distribution equipment required for a data center or large manufacturing facility’s powertrain with some of the highest levels of customization and shortest lead times available in the industry.
