Fervo Energy upsized its proposed initial public offering
The company will issue 70 million shares at $25-26 per share, increasing from the originally proposed terms.
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Next-generation geothermal energy developer
fervoenergy.comLast updated
In short: Fervo Energy raised $1.9 billion in an upsized initial public offering on the Nasdaq and advanced its Cape Station geothermal project in Utah.
The company will issue 70 million shares at $25-26 per share, increasing from the originally proposed terms.
The company launches roadshow for 55,555,555 Class A shares priced $21-$24, with underwriters' option for 8,333,333 more. Listing planned on Nasdaq as FRVO.
The company applies to list on Nasdaq under 'FRVO'. J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays lead the offering. Terms remain undetermined.
Meg Whitman joins as Lead Independent Director; Robert Keehan, Jessica Uhl, and Trey Lowe also join the board.
Fervo Energy Company FRVO will release earnings for its first quarter before the opening bell on Monday, June 22. Analysts expect the Houston, Texas-based company...
>10 MW well outputs for the Cape Station project (2025-2026), including a $462M Google & Cal STRS equity round, targeting a $45/MWh LCOE. Includes SWOT...
Fervo Energy Company Class A received a Buy rating and price target from William Blair analyst Jed Dorsheimer yesterday. Claim 55% Off TipRanks. Unlock powerful...
Photo Credit: Fervo Energy Fervo Energy, a developer of next-generation geothermal power projects,...
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