The geothermal energy firm increased its IPO size by 14.44M shares and lifted the price range ahead of its market debut.
Fervo Energy has increased its planned initial public offering to 70M shares of Class A common stock, up from a previously undisclosed amount. The company also raised the expected price range to $25.00-$26.00 per share, signaling strong investor demand.
The 70M share offering marks an upsize of 14.44M shares, reflecting adjustments made ahead of the IPO. No prior pricing or share count details were publicly disclosed for comparison.
The move comes as renewable energy firms attract heightened investor interest amid shifting regulatory and market conditions.