Forgent announces public offering of Class A common stock
The offering includes 35 million shares from selling stockholders and the company, with proceeds used to redeem interests.
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Electrical distribution equipment and solutions provider
forgentpower.comLast updated
In short: Forgent achieved record revenue growth and bookings in Q3 2026, following a successful $1.5 billion IPO driven by AI-related power demand.
The offering includes 35 million shares from selling stockholders and the company, with proceeds used to redeem interests.
The offering includes 23.7M shares from selling stockholders and 11.3M from Forgent, with proceeds to redeem subsidiary interests.
The interest rate was reduced from SOFR plus 300 basis points to SOFR plus 225 basis points, saving approximately $4.5 million annually.
Revenue grew 103% to $379 million, bookings surged 308% to a record $867 million, and net income increased 190%. The company raised its 2026 guidance to $1.35-$1.39 billion.
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