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

<ul>
<li>High-End pricing success: 10x oversubscribed deal priced at $25, opened at $30, and closed up 22.7%.</li>
<li>Orderly institutional demand: Steady trading pattern signals strong long-only sponsorship and durable investor conviction.</li>
<li>AI power theme resonance: Strong appetite for infrastructure tied to data center and AI-driven electricity demand.</li>
</ul>


High-End pricing success: 10x oversubscribed deal priced at $25, opened at $30, and closed up 22.7%.
Orderly institutional demand: Steady trading pattern signals strong long-only sponsorship and durable investor conviction.
AI power theme resonance: Strong appetite for infrastructure tied to data center and AI-driven electricity demand.


SOLV Energy, Inc. (MWH): Data Center Power Play as SOLV Energy Delivers Strong First Day

<ul>
<li>Scaled EPC platform complemented by growing, high-margin O&amp;M and repowering revenues.</li>
<li>Revenue growth, expanding margins, and record backlog highlight operating leverage in 2025.</li>
<li>Measured stance: Attractive valuation versus peers, but market volatility tempers conviction at current levels.</li>
</ul>


Scaled EPC platform complemented by growing, high-margin O&amp;M and repowering revenues.
Revenue growth, expanding margins, and record backlog highlight operating leverage in 2025.
Measured stance: Attractive valuation versus peers, but market volatility tempers conviction at current levels.


SOLV Energy, Inc. (MWH): Mixed Opinions on AI Infrastructure Power Play Ahead of IPO

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Forgent Power Solutions (FPS US)

SOLV Energy, Inc. (MWH): Data Center Power Play as SOLV Energy Delivers Strong First Day

Successful high-end pricing of a 10x oversubscribed deal signals strong institutional demand and investor conviction in AI power themes.

IPO Boutique

SOLV Energy, Inc. (MWH): Mixed Opinions on AI Infrastructure Power Play Ahead of IPO

EPC platform with O&M and repowering revenues driving growth and margin expansion, but market volatility raises caution on valuation.

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

SOLV Energy, Inc. (MWH): Data Center Power Play as SOLV Energy Delivers Strong First Day

​Successful high-end pricing of a 10x oversubscribed deal signals strong institutional demand and investor conviction in AI power themes.

IPO Boutique

SOLV Energy, Inc. (MWH): Mixed Opinions on AI Infrastructure Power Play Ahead of IPO

​EPC platform with O&M and repowering revenues driving growth and margin expansion, but market volatility raises caution on valuation.

IPO Boutique

Successful high-end pricing of a 10x oversubscribed deal signals strong institutional demand and investor conviction in AI power themes.

EPC platform with O&M and repowering revenues driving growth and margin expansion, but market volatility raises caution on valuation.