Business
Fervo Energy Announces Launch of its Initial Public Offering
HOUSTON, May 04, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (“Fervo” or the “Company”) today announced the launch of the Company’s roadshow for its initial public offering (“IPO”) of 55,555,555 shares of its Class A common stock. The IPO price is expected to be between $21.00 to $24.00 per share. Additionally, Fervo expects to grant the underwriters a 30-day option to purchase up to an additional 8,333,333 shares of the Company’s Class A common stock. Fervo has applied to list its Class A common stoc
About this update from Mitsubishi Ufj Financial Group, Inc.
[{"type":"image","alt":"Fervo Energy Company","displaySize":"","headline":null,"caption":"Fervo Energy Company","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":65,"url":"https://media.zenfs.com/en/globenewswire.com/02d5a4daa8e3e48d1e2ff426c989a9a9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/odhimF9SSfFdvDly9lhLzg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTkx/https://media.zenfs.com/en/globenewswire.com/02d5a4daa8e3e48d1e2ff426c989a9a9","width":300,"height":65}},"lazy":false},{"type":"text","content":"HOUSTON, May 04, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (“Fervo” or the “Company”) today announced the launch of the Company’s roadshow for its initial public offering (“IPO”) of 55,555,555 shares of its Class A common stock. The IPO price is expected to be between $21.00 to $24.00 per share. Additionally, Fervo expects to grant the underwriters a 30-day option to purchase up to an additional 8,333,333 shares of the Company’s Class A common stock. Fervo has applied to list its Class A common stock on the Nasdaq, subject to official notice of issuance, under the ticker symbol “FRVO.”","length":588,"tagName":"p"},{"type":"text","content":"J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays are acting as joint lead bookrunning managers for the proposed offering. Baird, BBVA, Guggenheim Securities, MUFG, Societe Generale, William Blair, Piper Sandler, and Wolfe | Nomura Alliance are acting as additional bookrunning managers for the proposed offering.","length":327,"tagName":"p"},{"type":"text","content":"The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from J.P. Morgan, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at [email protected] and [email protected]; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, or by email at [email protected]; RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, 8th Floor, New York, New York 10281, by telephone at (877) 822-4089, or by email at [email protected]; or Barclays, Attention: Syndicate Registration, 745 Seventh Avenue, New York, New York 10019, or by telephone at 1-888-603-5847, or by ...