US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

Forgent Power Solutions / Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/forgent-power-solutions-inc" target="_blank" data-smartkarma-citation="entities:46256:1" rel="noopener">Forgent Power Solutions (FPS US)</a> went public on 5 February 2026 on the NYSE and has a current market cap of $11bn.</li>
<li>Inclusion in US indices is expected in March 2026 and June 2026 as the security meets US eligibility criteria.</li>
<li>Potential inclusion in Global indices is expected in May 2026 and September 2026, as the security meets Global eligibility criteria.</li>
</ul>



Forgent Power Solutions (FPS US) went public on 5 February 2026 on the NYSE and has a current market cap of $11bn.
Inclusion in US indices is expected in March 2026 and June 2026 as the security meets US eligibility criteria.
Potential inclusion in Global indices is expected in May 2026 and September 2026, as the security meets Global eligibility criteria.


Forgent Power Solutions (FPS US): Post-IPO Inclusion in US & Global Indices

Get Ahead with IPO Insights, IPO Prophet

IPO Prophet

Get Ahead with IPO Insights

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.

Equity Capital Markets

Forgent Power Solutions / Equity Capital Markets

<ul><li>Forgent Power Solutions (FPS) Forgent Power Solutions delivered the most constructive tape of the session, trading as a controlled trend day higher.</li><li>After opening near $26.00, FPS stair-stepped higher throughout the day, printing higher highs with shallow, orderly pullbacks.</li><li>The stock reached an intraday high near $29.70 before consolidating and ultimately closing near $29.34, firmly in the upper portion of the day’s range.</li></ul>

Forgent Power Solutions (FPS) Forgent Power Solutions delivered the most constructive tape of the session, trading as a controlled trend day higher.After opening near $26.00, FPS stair-stepped higher throughout the day, printing higher highs with shallow, orderly pullbacks.The stock reached an intraday high near $29.70 before consolidating and ultimately closing near $29.34, firmly in the upper portion of the day’s range.

End-of-Day IPO Review: Structure Without Confirmation - February 5, 2026

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

<ul>
<li>FPS opened below issue but quickly recovered, closing at $29.00 after trading as high as $29.70.</li>
<li>The IPO was reportedly oversubscribed north of 15x, reflecting strong investor appetite for AI-linked infrastructure exposure.</li>
<li>Forgent’s customized electrical solutions position it well for sustained data center and energy infrastructure spending.</li>
</ul>


FPS opened below issue but quickly recovered, closing at $29.00 after trading as high as $29.70.
The IPO was reportedly oversubscribed north of 15x, reflecting strong investor appetite for AI-linked infrastructure exposure.
Forgent’s customized electrical solutions position it well for sustained data center and energy infrastructure spending.


Forgent Power Solutions, Inc. (FPS): IPO Finds Its Footing as Investors Bet on AI Infrastructure

<ul>
<li>Forgent Power Solutions (FPS US) targets a $7.6–$8.8B valuation in a February IPO, capitalizing on surging data center and AI-driven infrastructure investment. The</li>
<li>Company delivers highly customized, engineered-to-order electrical distribution equipment, supporting complete powertrains and reducing labor constraints for mission-critical data centers and industrial facilities.</li>
<li>Strong growth and operational scale: FY2025 revenue rose 56% to $753M with $1B+ backlog; 10 campuses support $5B potential revenue, and early investor demand is robust and oversubscribed.</li>
</ul>


Forgent Power Solutions (FPS US) targets a $7.6–$8.8B valuation in a February IPO, capitalizing on surging data center and AI-driven infrastructure investment. The
Company delivers highly customized, engineered-to-order electrical distribution equipment, supporting complete powertrains and reducing labor constraints for mission-critical data centers and industrial facilities.
Strong growth and operational scale: FY2025 revenue rose 56% to $753M with $1B+ backlog; 10 campuses support $5B potential revenue, and early investor demand is robust and oversubscribed.


Forgent Power Solutions, Inc. (FPS): Custom Electrical Leader Charges into Public Markets

<ul><li>✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality &amp; Underwriters: 8.4/10 Forgent Power Solutions is preparing to list on the New York Stock Exchange under the ticker FPS, offering a mix of primary and secondary shares in a sizable IPO that reflects strong production scale and exposure to long-duration infrastructure spending.</li><li>The company designs and manufactures essential electrical distribution equipment used in data centers, utility grids, and industrial power systems.</li><li>The product set includes engineered switchgear, transformers, automatic transfer switches, and related equipment tailored to mission-critical applications.</li></ul>

✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality &amp; Underwriters: 8.4/10 Forgent Power Solutions is preparing to list on the New York Stock Exchange under the ticker FPS, offering a mix of primary and secondary shares in a sizable IPO that reflects strong production scale and exposure to long-duration infrastructure spending.The company designs and manufactures essential electrical distribution equipment used in data centers, utility grids, and industrial power systems.The product set includes engineered switchgear, transformers, automatic transfer switches, and related equipment tailored to mission-critical applications.

IPO Rating: Forgent Power Solutions, Inc.

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Forgent Power Solutions (FPS US)