Forgent Power Solutions (NYSE: FPS) priced an upsized public offering of 43,650,000 Class A common shares at $49.00 per share.
The offering includes 14,555,925 shares from Forgent and 29,094,075 shares from selling stockholders affiliated with Neos Partners, LP.
Forgent expects to generate approximately $713.2 million in gross proceeds from its portion of the sale.
The company will receive no proceeds from the shares sold by the selling stockholders.
Forgent will use the net proceeds to redeem interests in an operating subsidiary.
The offering is scheduled to close on July 6, 2026, subject to customary closing conditions.