Forgent Power Solutions, Inc. (Ticker: FPS US) is a United States-based company specializing in the design and manufacture of electrical distribution equipment for data centers, the power grid, and energy-intensive industrial facilities. The company focuses on engineered-to-order custom products to support demand in cloud computing, AI, and electrification. Forgent Power Solutions plans to list on the New York Stock Exchange on February 5, 2026, planning to offer 56,000,000 shares at a price range of $25.00 to $29.00 per share. The offering is expected to raise approximately $1.51 billion at the midpoint, with a maximum size of roughly $1.62 billion in USD.

According to the prospectus, Forgent Power Solutions plans to use the net proceeds from the IPO to redeem interests in an operating subsidiary held by existing equity owners controlled by Neos Partners, LP. Consequently, the company reportedly will not retain capital for general corporate operations from this transaction. The offering includes both primary shares and secondary shares sold by parent entities. Lead underwriters for the transaction include Goldman Sachs, Jefferies, and Morgan Stanley. The company reported revenue growth of 56% for the fiscal year 2025.