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.
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