DAYTON, Minn. - Bond.az reports that Forgent Power Solutions, Inc. (NYSE:FPS) has priced its public offering of 42.28 million shares of Class A common stock at $47.00 per share.
The stock trades near $47.56, reflecting a 64% gain over the past six months.
The offering includes 28,542,420 shares from stockholders controlled by Neos Partners, LP and 13,737,580 shares from Forgent. Underwriters have a 30-day option to purchase up to an additional 6,342,000 shares.
Forgent will not receive proceeds from shares sold by selling stockholders. Net proceeds from its portion will be used to redeem interests in an operating subsidiary held by existing equity owners controlled by Neos Partners, LP.
Closing is expected on June 1, 2026. Goldman Sachs & Co. LLC, Jefferies and Morgan Stanley are joint lead book-running managers.
