Forgent Power Solutions prices 35M-share IPO at $29.50, raising $344.3M for the company (67% secondary)

Filed June 29, 2026 · ~3 min read

Key Changes

• high

  Forgent is offering 11.7M primary shares (proceeds to the company) and selling stockholders are offering 23.3M secondary shares (proceeds to insiders), for a total base offering of 35M shares at $29.50/share. The company will receive $344.3M gross proceeds; it will not receive any proceeds from the secondary shares.

  The Offering verify on EDGAR →
• high

  Implied post-offering market capitalization is $8.0B ($29.50 × 271.6M shares outstanding). Existing owners will retain 40% of both economic interests and voting power after the offering; both Class A and Class B shares carry one vote per share with no super-voting multiple.

  The Offering verify on EDGAR →
• high

  The company will use its net proceeds to purchase Opco LLC Interests at the offering price less underwriting costs; Opco will then use those proceeds to redeem the same number of interests from existing owners. The company will pay approximately $928.1M over fifteen years under a Tax Receivable Agreement (85% of tax savings from redemptions/exchanges).

  Use of Proceeds verify on EDGAR →