Fervo Energy (FRVO) said Monday it expanded its planned initial public offering to 70 million Class A common shares, priced between $25 and $26 each.
The updated figures represent an increase from the originally proposed 55.55 million shares at a targeted range of $21 to $24 apiece, the company said.
The underwriters will receive a 30-day option to purchase up to 10.5 million additional shares, Fervo said.
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