US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

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.

US IPOs and Secondary Offerings

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

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

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

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

IPOs and Secondary Offerings

Equity Capital Markets

Forgent Power Solutions / Equity Capital Markets

<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