US Stock Market Move | Forgent Power Solutions (FPS.US) debuts on the US stock market, closing up 7.41% on the first day of trading.
Forgent Power Solutions is listing on the US stock market.
On Thursday, American Electric Power Company, Inc. equipment manufacturer Forgent Power Solutions (FPS.US) made its debut on the US stock market, with the opening stock price rising. By the close of trading, the stock had risen by 7.41% to $29, with an IPO price of $27. Forgent designs, manufactures, and sells equipment such as transformers, distribution panels, and power distribution units for data centers, which require a continuous and reliable power supply. The private equity firm Neos founded the company in 2023 and gradually expanded through acquisition deals in 2023 and 2024.
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