US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

Fervo Energy Company / Equity Capital Markets

<ul>
<li>Fervo Energy is preparing a major IPO amid rising U.S. power demand, aiming to raise over $1B by offering 55.5 million shares at $21–$24 per share.</li>
<li>The company plans to use proceeds to fund GeoCluster development, capital expenditures, and operations, supporting expansion of its enhanced geothermal energy platform.</li>
<li>Strong institutional support includes $350 million in cornerstone investor demand, signaling confidence in Fervo’s EGS technology and long-term scalable clean energy potential.</li>
</ul>


Fervo Energy is preparing a major IPO amid rising U.S. power demand, aiming to raise over $1B by offering 55.5 million shares at $21–$24 per share.
The company plans to use proceeds to fund GeoCluster development, capital expenditures, and operations, supporting expansion of its enhanced geothermal energy platform.
Strong institutional support includes $350 million in cornerstone investor demand, signaling confidence in Fervo’s EGS technology and long-term scalable clean energy potential.


Fervo Energy Company (FRVO): Geothermal Energy Meets the IPO Market, Seeking $6.5b Valuation

<ul>
<li>Fervo Energy is a geothermal developer advancing enhanced geothermal systems with over 658 MW of binding PPAs and approximately $7.2B in contracted revenue backlog.</li>
<li>The company filed for an IPO on April 17, targeting a potential May listing, backed by major underwriters including JPMorgan, Goldman Sachs, Morgan Stanley, and others.</li>
<li>It is commercializing scalable, firm, carbon-free power through large GeoClusters like Cape Station while addressing rising U.S. electricity demand and baseload capacity shortages.</li>
</ul>


Fervo Energy is a geothermal developer advancing enhanced geothermal systems with over 658 MW of binding PPAs and approximately $7.2B in contracted revenue backlog.
The company filed for an IPO on April 17, targeting a potential May listing, backed by major underwriters including JPMorgan, Goldman Sachs, Morgan Stanley, and others.
It is commercializing scalable, firm, carbon-free power through large GeoClusters like Cape Station while addressing rising U.S. electricity demand and baseload capacity shortages.


Fervo Energy Company (FRVO): Peeking at the IPO Prospectus of a Geothermal Energy Company

<ul>
<li>Holtec is bringing a large-scale nuclear-focused IPO to market, offering 50 million shares at $15–$18 for an implied $8.5 billion–$10.2 billion valuation.</li>
<li>The company combines established nuclear businesses with significant SMR-300 growth ambitions, supported by dominant U.S. spent-fuel market share and the Palisades restart project.</li>
<li>Demand and valuation remain key questions, particularly following weak performance from 2026 energy IPOs, making investor appetite and peer trading levels critical to the September 19 debut.</li>
</ul>


Holtec is bringing a large-scale nuclear-focused IPO to market, offering 50 million shares at $15–$18 for an implied $8.5 billion–$10.2 billion valuation.
The company combines established nuclear businesses with significant SMR-300 growth ambitions, supported by dominant U.S. spent-fuel market share and the Palisades restart project.
Demand and valuation remain key questions, particularly following weak performance from 2026 energy IPOs, making investor appetite and peer trading levels critical to the September 19 debut.


Holtec Nuclear Corp (HNUC): Nuclear Power Generation Company Sets Terms for IPO

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IPO Prophet

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At IPO Prophet®, our team leverages over three decades of expertise to deliver actionable quantitative analytics for the IPO market in real-time. This platform synthesizes our extensive experience investing in IPOs, providing investors with revolutionary tools to navigate the complexities of issuance day. Our mission is to empower investors with data-driven insights to make more informed decisions.

Odyssey Therapeutics / Equity Capital Markets

<ul><li>Odyssey Therapeutics (ODTX) and Mobia Medical (MOBI) both struggled to generate meaningful Day-One momentum Friday, with neither deal producing a Bull signal despite very different opening setups.</li><li>Odyssey opened at a premium to its $18 IPO price, trading as high as $20.30 shortly after the open, but the move lacked the type of sustained institutional follow through typically associated with stronger IPO debuts.</li><li>IPO Prophet’s posture on ODTX was initially neutral during the opening trade before sentiment shifted bearish early in the session as momentum deteriorated and shares steadily faded throughout the afternoon, ultimately closing at $16.42.</li></ul>

Odyssey Therapeutics (ODTX) and Mobia Medical (MOBI) both struggled to generate meaningful Day-One momentum Friday, with neither deal producing a Bull signal despite very different opening setups.Odyssey opened at a premium to its $18 IPO price, trading as high as $20.30 shortly after the open, but the move lacked the type of sustained institutional follow through typically associated with stronger IPO debuts.IPO Prophet’s posture on ODTX was initially neutral during the opening trade before sentiment shifted bearish early in the session as momentum deteriorated and shares steadily faded throughout the afternoon, ultimately closing at $16.42.

IPO Market Sees Weak Day-One Follow Through as Odyssey Fades and Mobia Opens Under Pressure

<ul><li>The IPO market remained active Thursday with two new deals hitting the tape, producing very different trading profiles throughout the session.</li><li>HawkEye 360 (NYSE: HAWK) , the space-based signals intelligence company, delivered a constructive and stable debut that aligned closely with IPO Prophet’s quantitative framework, while Suja Life (NASDAQ: SUJA) failed to establish upside momentum during its first day of trading.</li><li>HawkEye 360 priced its IPO at $26 and opened at $33.80, immediately triggering a Bull Signal at the open.</li></ul>

The IPO market remained active Thursday with two new deals hitting the tape, producing very different trading profiles throughout the session.HawkEye 360 (NYSE: HAWK) , the space-based signals intelligence company, delivered a constructive and stable debut that aligned closely with IPO Prophet’s quantitative framework, while Suja Life (NASDAQ: SUJA) failed to establish upside momentum during its first day of trading.HawkEye 360 priced its IPO at $26 and opened at $33.80, immediately triggering a Bull Signal at the open.

IPO Market Remains Constructive as HawkEye 360 Holds Gains While Suja Life Opens Below Issue Price

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Fervo Energy Company (FRVO US)

Fervo Energy Company (FRVO): Geothermal Energy Meets the IPO Market, Seeking $6.5b Valuation

Fervo Energy plans to raise over $1B in IPO to fund GeoCluster development and expand its geothermal energy platform, with strong institutional...

IPO Boutique

Fervo Energy Company (FRVO): Peeking at the IPO Prospectus of a Geothermal Energy Company

Geothermal developer Fervo Energy files for IPO to advance scalable, carbon-free power solutions and address U.S. electricity demand.

IPO Boutique

Holtec Nuclear Corp (HNUC): Nuclear Power Generation Company Sets Terms for IPO

Holtec Nuclear sets terms for its IPO seeking a valuation of up to $10.2b. The company will be offering 50 million shares and was the first IPO to...

IPO Boutique

IPO Market Sees Weak Day-One Follow Through as Odyssey Fades and Mobia Opens Under Pressure

Odyssey Therapeutics (ODTX) and Mobia Medical (MOBI) both struggled to generate meaningful Day-One momentum Friday, with neither deal producing a...

IPO Prophet

IPO Market Remains Constructive as HawkEye 360 Holds Gains While Suja Life Opens Below Issue Price

The IPO market remained active Thursday with two new deals hitting the tape, producing very different trading profiles throughout the...

IPO Prophet

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Fervo Energy Company (FRVO): Geothermal Energy Meets the IPO Market, Seeking $6.5b Valuation

​Fervo Energy plans to raise over $1B in IPO to fund GeoCluster development and expand its geothermal energy platform, with strong institutional...

IPO Boutique

Fervo Energy Company (FRVO): Peeking at the IPO Prospectus of a Geothermal Energy Company

​Geothermal developer Fervo Energy files for IPO to advance scalable, carbon-free power solutions and address U.S. electricity demand.

IPO Boutique

Holtec Nuclear Corp (HNUC): Nuclear Power Generation Company Sets Terms for IPO

Holtec Nuclear sets terms for its IPO seeking a valuation of up to $10.2b. The company will be offering 50 million shares and was the first IPO to...

IPO Boutique

IPO Market Sees Weak Day-One Follow Through as Odyssey Fades and Mobia Opens Under Pressure

Odyssey Therapeutics (ODTX) and Mobia Medical (MOBI) both struggled to generate meaningful Day-One momentum Friday, with neither deal producing a...

IPO Prophet

IPO Market Remains Constructive as HawkEye 360 Holds Gains While Suja Life Opens Below Issue Price

The IPO market remained active Thursday with two new deals hitting the tape, producing very different trading profiles throughout the...

IPO Prophet

Fervo Energy plans to raise over $1B in IPO to fund GeoCluster development and expand its geothermal energy platform, with strong institutional...

Geothermal developer Fervo Energy files for IPO to advance scalable, carbon-free power solutions and address U.S. electricity demand.