Fervo Energy Co (NASDAQ:FRVO) completed its initial public offering, raising approximately $2.174 billion in gross proceeds before underwriting discounts and expenses.
The company sold 80.5 million shares of Class A common stock at $27.00 per share, including 10.5 million shares from the underwriters' full option exercise.
In connection with the offering, Fervo filed amended and restated bylaws and certificate of incorporation, effective Tuesday.
Fervo's Class A common stock now trades on Nasdaq under the symbol FRVO.
