other_material
confidence high
sentiment positive
materiality 0.80
Fervo Energy completes 80.5M-share IPO at $27.00, raising $2.17B gross
Fervo Energy Co
- Closed IPO of 80.5M shares (including full underwriter option of 10.5M shares) at $27.00 per share.
- Gross proceeds of approximately $2.174 billion before underwriting discounts and offering expenses.
- Amended and restated certificate of incorporation and bylaws became effective May 12, 2026.
- Class A common stock trades on Nasdaq under ticker FRVO.
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