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Fervo Energy (Nasdaq: FRVO) priced its upsized IPO of 70,000,000 Class A shares at $27.00 per share. This reflects an increase of 14,444,445 shares from the original 55,555,555-share plan.
Underwriters have a 30-day option for up to 10,500,000 additional shares. Trading is expected to begin on May 13, 2026, with closing anticipated on May 14, 2026, subject to customary conditions.
Fervo Energy (Nasdaq: FRVO) announced an upsized proposed IPO of its Class A common stock. The company now plans to offer 70,000,000 shares at an expected price range of $25.00–$26.00 per share, plus a 30-day underwriter option for 10,500,000 additional shares.
Fervo has applied to list on Nasdaq under ticker FRVO, and the registration statement filed with the SEC is not yet effective.