Forgent Power Solutions, Inc.

FPS

Market cap $6.69B

Seven IPOs and six SPACs priced this week. Five IPOs and five SPACs submitted filings. Five IPOs are currently scheduled in the week ahead, and some smaller issuers may join the calendar throughout the week.

DAYTON, Minn.--(BUSINESS WIRE)--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, today 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 Stoc.

Forgent Power Solutions debuts at a $8.2B valuation, capitalizing on AI-driven demand for electrical distribution equipment. Forgent boasts rapid revenue growth, nearing $1.2B run-rate, but trades at ~7x sales and ~50x earnings, reflecting high expectations. Margins lag peers like Vertiv and Eaton, while recent business assembly and supply chain risks warrant caution.