Forgent Power Solutions Announces Public Offering of Class A Common Stock
Forgent Power Solutions announced a public offering of 35 million Class A common shares, with 23.3 million from selling stockholders controlled by Neos Partners and 11.7 million from the company. Forgent receives no proceeds from the selling stockholders' shares; its proceeds will redeem interests in an operating subsidiary held by Neos Partners affiliates. Goldman Sachs, Jefferies and Morgan Stanley are joint lead book-running managers.
Key figures
- Shares by company
- 11671418
- Greenshoe shares company
- 1750712
- Shares by selling stockholders
- 23328582
- Greenshoe shares selling stockholders
- 3499288
AI analysis
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