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Get filing alertsFervo Energy completes ~$2.17B (80.5M × $27; filing rounds to ~$2.17B (80.5M × $27; filing rounds to ~$2.17B (80.5M × $27))) IPO, pricing 80.5M shares at $27
Filed May 15, 2026 · Period ending May 12, 2026 · ~1 min read
Key Changes
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Fervo Energy completed its initial public offering on May 14, 2026, selling 80.5 million Class A shares at $27 per share, raising approximately $2.174 billion in gross proceeds before underwriting fees and expenses.
Item 8.01 verify on EDGAR → -
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Underwriters exercised their full over-allotment option to purchase an additional 10.5 million shares from the company.
Item 8.01 verify on EDGAR → -
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The company filed amended certificate of incorporation and bylaws with Delaware on May 12, 2026, establishing its governance framework as a public company with Class A common stock at $0.0001 par value.
Item 5.03 verify on EDGAR →
Summary
Fervo Energy successfully completed its initial public offering on May 14, 2026, raising approximately $2.174 billion in gross proceeds by selling 80.5 million Class A shares at $27 per share. The offering included the full exercise of the underwriters' over-allotment option for an additional 10.5 million shares, indicating strong investor demand. The company filed its amended governance documents with Delaware on May 12, 2026, formalizing its transition to a publicly traded entity.
For investors, this IPO represents Fervo Energy's entry into the public markets with substantial capital to fund its geothermal energy operations. The ~$2.17B (80.5M × $27; filing rounds to ~$2.17B (80.5M × $27; filing rounds to $2.2B)) in gross proceeds provides significant financial resources for the company's growth initiatives, though net proceeds will be lower after deducting underwriting discounts and offering expenses. The successful pricing and full exercise of the over-allotment option suggest positive market reception for the company's business model in the renewable energy sector.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 25, 2026 · How we verify