Forgent Power Solutions Announces Public Offering of Class A Common Stock
Forgent Power Solutions announced a public offering of approximately 35 million Class A common shares, comprising 23.7 million shares sold by Neos Partners-controlled entities and 11.3 million shares sold by the company itself. The company will not receive proceeds from the selling stockholders' portion; its own net proceeds will be used to redeem interests in an operating subsidiary held by Neos-controlled owners. Goldman Sachs, Jefferies, and Morgan Stanley are joint lead book-runners, with J.P. Morgan, BofA, and Barclays as bookrunners.
Key figures
- Shares offered by company
- 11258602
- Overallotment option company
- 1750611
- Shares offered by selling stockholders
- 23741398
- Overallotment option selling stockholders
- 3499389
AI analysis
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