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Story summary
- Forgent Power Solutions, founded in 2023 and based in Dayton, MN, plans to raise up to $1.62 billion in its IPO by offering 56 million shares priced between $25 and $29.
- At the highest price, Forgent would be valued at approximately $8.8 billion.
- The company reported a net income of $10 million on $283 million in revenue for the three months ending September 30, 2025.
- Goldman Sachs, Jefferies, and Morgan Stanley are leading the IPO, with shares expected to trade on the NYSE under the ticker FPS.
