Electrical Equipment Maker Forgent Power Raises $1.51 Billion in US IPO

Minnesota's Forgent Power Solutions goes public as AI fuels data center growth

The company makes electrical distribution equipment for data centers, the power grid and heavy industry. Roughly 100 gigawatts of new data center capacity is expected by 2030.

Forgent Power Solutions prices IPO at midpoint at $27 per share ...

Power Equipment Maker Forgent, Backers Raise $1.5 Billion in IPO

Forgent Power Solutions Inc. and some of its backers raised $1.5 billion in its US initial public offering, pricing its shares at the midpoint of the marketed range.

Electrical equipment maker Forgent Power raises $1.51 billion in US IPO

Electrical equipment maker Forgent Power Solutions said on Wednesday it had raised $1.51 billion in its U.S. initial public offering.