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Fervo Energy Co completed its initial public offering on NASDAQ on May 13, 2026, pricing at $27.00 a share.
| Ticker | FRVO |
|---|---|
| Exchange | NASDAQ |
| Status | Completed |
| Listing date | May 13, 2026 |
| Offering price | $27.00 |
| Shares offered | 70,000,000 |
| Total raised | $1,890M |
Fervo Energy Co sold 70,000,000 shares at $27.00 each on NASDAQ. Multiplied out, that is $1.89 billion in gross proceeds, the figure before underwriting discounts and offering expenses, and it agrees with the $1.89 billion total recorded for the deal.
Measured by money raised, Fervo Energy Co was the 6th largest of 473 completed IPOs with a recorded deal size that this site tracks since October 5, 2024. It is one of 46 deals in that window to raise $500 million or more. The median deal in the same window raised $200 million, so this one was about 9.4 times the typical size.
Among the 342 listings on NASDAQ alone, it is the 3rd largest.
May 2026 saw 28 completed IPOs in the site's data; by amount raised, Fervo Energy Co was the 2nd largest of the 21 deals with a recorded size.
Its $27.00 offer price was tied for the 27th highest (level with 4 other listings) of the 479 listings in the window with a recorded price. A share price on its own says nothing about a company's value; it depends on how many shares exist.
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Source: SEC EDGAR filings for Fervo Energy Co. This page is general information, not investment advice.