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Fervo Energy Targets $1.82 Billion IPO at $25-$26 Per Share on May 12

2026-05-12 01:11:30

According to Bloomberg, Fervo Energy, a Houston-based geothermal power developer, targets a US$1.82 billion IPO on May 12, offering 70 million shares at US$25 to US$26 each. At the top of the range, the company would be valued at approximately US$7.4 billion. The shares are set to trade on Nasdaq under the symbol FRVO, with JPMorgan, Bank of America, RBC, and Barclays leading the offering.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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