Electrical equipment manufacturer Forgent Power Solutions (FPS.US) applies for listing or funding of $300 million in the United States.

Forgent Power Solutions, a manufacturer of power distribution equipment for data centers and industrial facilities, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, with a fundraising target of up to $300 million. Pricing terms have not been disclosed. The company plans to list on the New York Stock Exchange under the ticker symbol "FPS". Forgent Power Solutions is a company that designs and manufactures power distribution equipment for data centers, power grids, and energy-intensive industrial facilities. It was founded in 2023 and is headquartered in Dayton, Minnesota. The company offers a wide range of products including automatic transfer switches, transformers, switchgear, and distribution units. For the fiscal year ending December 31, 2025, its clients were mainly located in North America, with the following breakdown of business: 42% from data centers, 23% from power grid applications, 19% from the industrial sector, and 16% from other markets. The company produces over 1,500 unique designed products each year, with an average production of 15 batches per design. It operates 10 manufacturing facilities in Minnesota, Texas, Maryland, California, and Mexico, with a total area of 2.3 million square feet. Data shows that the company generated revenue of $882 million in the twelve months ending September 30, 2025.