Forgent Power Solutions and its private equity backer Neos Partners are looking to sell around 35 million shares in what would be the company’s third stock offering since listing in February, according to a report by Bloomberg.
The proposed sale reportedly comprises 23.3 million shares held by Neos affiliates and 11.7 million shares issued by Forgent. Based on Forgent’s Monday closing price of $54.99, the offering would raise around $1.9bn in total.
Forgent said proceeds from its portion of the...
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