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

Forgent Power Solutions / Equity Capital Markets

<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

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.

<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.

<ul>
<li>Forgent Power Solutions set terms for a February IPO seeking to raise more than $1.5 billion, targeting a $7.6–$8.8 billion valuation amid strong demand for data center infrastructure. </li>
<li>The company posted 56% revenue growth to $753 million in fiscal 2025 and a $1.03 billion backlog, driven by AI-led data center buildouts, grid upgrades and reshoring.</li>
<li>The offering includes both primary shares and stock sold by Neos Partners, with investors expected to closely assess valuation versus peers like Vertiv and Eaton during the roadshow.</li>
</ul>


Forgent Power Solutions set terms for a February IPO seeking to raise more than $1.5 billion, targeting a $7.6–$8.8 billion valuation amid strong demand for data center infrastructure. 
The company posted 56% revenue growth to $753 million in fiscal 2025 and a $1.03 billion backlog, driven by AI-led data center buildouts, grid upgrades and reshoring.
The offering includes both primary shares and stock sold by Neos Partners, with investors expected to closely assess valuation versus peers like Vertiv and Eaton during the roadshow.


Forgent Power Solutions, Inc. (FPS): Data Center Power Provider Sets Terms, $1b-Plus Cash Raise

<ul><li>Forgent Power Solutions has filed for an initial public offering on the New York Stock Exchange under the ticker FPS , seeking to list shares in a transaction that would bring a scaled power infrastructure and electrical solutions platform to the public markets.</li><li>The company is offering 56.0 million shares of Class A common stock at an indicated price range of $25.00 to $29.00 per share, implying gross proceeds of approximately $1.5 billion at the midpoint of the range.</li><li>At the midpoint price of $27.00 , the offering implies an equity market capitalization of approximately $8.2 billion on a pro forma basis.</li></ul>

Forgent Power Solutions has filed for an initial public offering on the New York Stock Exchange under the ticker FPS , seeking to list shares in a transaction that would bring a scaled power infrastructure and electrical solutions platform to the public markets.The company is offering 56.0 million shares of Class A common stock at an indicated price range of $25.00 to $29.00 per share, implying gross proceeds of approximately $1.5 billion at the midpoint of the range.At the midpoint price of $27.00 , the offering implies an equity market capitalization of approximately $8.2 billion on a pro forma basis.

Forgent Power Solutions Targets NYSE IPO Amid Rising Power Infrastructure Demand

<ul>
<li>Forgent Power Solutions filed for an IPO as surging data center, grid modernization, and reshoring demand drives accelerated growth and investor focus on mission-critical power infrastructure.</li>
<li>Revenues rose 56% to $753 million in fiscal 2025, supported by $1.0 billion backlog and rising demand for engineered-to-order electrical distribution solutions.</li>
<li>Custom products and powertrain solutions dominate sales, positioning Forgent to benefit from AI-driven data center expansion, utility upgrades, and energy-intensive manufacturing.</li>
</ul>


Forgent Power Solutions filed for an IPO as surging data center, grid modernization, and reshoring demand drives accelerated growth and investor focus on mission-critical power infrastructure.
Revenues rose 56% to $753 million in fiscal 2025, supported by $1.0 billion backlog and rising demand for engineered-to-order electrical distribution solutions.
Custom products and powertrain solutions dominate sales, positioning Forgent to benefit from AI-driven data center expansion, utility upgrades, and energy-intensive manufacturing.


Forgent Power Solutions, Inc. (FPS): Peeking at the IPO Prospectus of a Data Center Power Provider

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Forgent Power Solutions (FPS US)

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

Forgent Power Solutions aims for $7.6–$8.8B valuation in IPO, offering customized electrical distribution equipment for data centers and...

IPO Boutique

IPO Rating: Forgent Power Solutions, Inc.

✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality & Underwriters: 8.4/10 Forgent Power Solutions is preparing to list on the New York Stock Exchange...

IPO Prophet

Forgent Power Solutions, Inc. (FPS): Data Center Power Provider Sets Terms, $1b-Plus Cash Raise

Forgent Power Solutions plans IPO to raise $1.5 billion, targeting $7.6–$8.8 billion valuation on strong demand for data center infrastructure,...

IPO Boutique

Forgent Power Solutions Targets NYSE IPO Amid Rising Power Infrastructure Demand

Forgent Power Solutions has filed for an initial public offering on the New York Stock Exchange under the ticker FPS , seeking to list shares in a...

IPO Prophet

Forgent Power Solutions, Inc. (FPS): Peeking at the IPO Prospectus of a Data Center Power Provider

Forgent Power Solutions files for IPO amid strong growth driven by data center demand and utility upgrades, with revenues up 56% in fiscal 2025.

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

​Forgent Power Solutions aims for $7.6–$8.8B valuation in IPO, offering customized electrical distribution equipment for data centers and...

IPO Boutique

IPO Rating: Forgent Power Solutions, Inc.

✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality & Underwriters: 8.4/10 Forgent Power Solutions is preparing to list on the New York Stock Exchange...

IPO Prophet

Forgent Power Solutions, Inc. (FPS): Data Center Power Provider Sets Terms, $1b-Plus Cash Raise

​Forgent Power Solutions plans IPO to raise $1.5 billion, targeting $7.6–$8.8 billion valuation on strong demand for data center infrastructure,...

IPO Boutique

Forgent Power Solutions Targets NYSE IPO Amid Rising Power Infrastructure Demand

Forgent Power Solutions has filed for an initial public offering on the New York Stock Exchange under the ticker FPS , seeking to list shares in a...

IPO Prophet

Forgent Power Solutions, Inc. (FPS): Peeking at the IPO Prospectus of a Data Center Power Provider

​Forgent Power Solutions files for IPO amid strong growth driven by data center demand and utility upgrades, with revenues up 56% in fiscal 2025.

IPO Boutique

Forgent Power Solutions aims for $7.6–$8.8B valuation in IPO, offering customized electrical distribution equipment for data centers and...

Forgent Power Solutions plans IPO to raise $1.5 billion, targeting $7.6–$8.8 billion valuation on strong demand for data center infrastructure,...

Forgent Power Solutions files for IPO amid strong growth driven by data center demand and utility upgrades, with revenues up 56% in fiscal 2025.