Forgent Power Solutions Closes IPO

MT Newswires Live

02/07

Forgent Power Solutions (FPS) said late Friday it has completed its initial public offering with shares priced at $27 apiece.

The IPO comprised roughly 39.4 million shares offered by existing shareholders and 16.6 million shares by the company, according to a statement.

The company debuted Thursday on the NYSE under the ticker FPS.

Shares of Forgent Power Solutions rose 1.4% in after-hours trading.

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