Forgent Power Solutions Files for IPO

Dow Jones01-10

By Katherine Hamilton

Forgent Power Solutions filed for an initial public offering.

Forgent didn't disclose the price or amount of shares it would offer in an IPO. It is seeking to trade on the New York Stock exchange under the ticker FPS.

Forgent makes electrical distribution equipment, including transformers, switchgear and panels.

Its products are engineered to order for applications such as data center power distribution and utilities. The company serves customers in data center, grid and industrial end markets.

Demand is growing due to more investment in data centers for AI, increasing electricity demand and manufacturers reshoring their factories to mitigate tariffs, Forgent said in its Friday filing.

From fiscal 2024 to 2025, Forgent's revenue increased 56% to $753.2 million.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 09, 2026 16:05 ET (21:05 GMT)

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It is seeking to trade on the New York Stock exchange under the ticker FPS. \n\n\n  Forgent makes electrical distribution equipment, including transformers, switchgear and panels. \n\n\n  Its products are engineered to order for applications such as data center power distribution and utilities. 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