Forgent Power Solutions IPO Over-Allotment Option Exercised

Materials
Materials
Initial Public Offering / IPO
Initial Public Offering / IPO
IPO:
Feb 05, 2026
Industry:
ELECTRICAL INDUSTRIAL APPARATUS

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Forgent Power Solutions Announces Full Exercise and Closing of IPO Over-Allotment Option

DAYTON, Minnesota - February 9, 2026 - Forgent Power Solutions, Inc. (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment, today announced the full exercise and closing of the underwriters' over-allotment option in connection with its previously announced Initial Public Offering (IPO).

The underwriters purchased an additional 8,300,000 shares of Class A common stock at the IPO price of $27.00 per share, less underwriting discounts and commissions. These additional shares consisted of 5,912,036 shares offered by parent entities of the Company controlled by Neos Partners, LP (the "Selling Stockholders") and 2,487,964 shares offered directly by Forgent.

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About Forgent Power Solutions, Inc.

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs. From fiscal 2024 to fiscal 2025, our revenues grew 56% to $753.2 million and, as of September 30, 2025, we had $1,027.1 million of Backlog representing an increase of 44% compared to the same date in the prior year.

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