Forgent Power Solutions and Neos Partners Offer 30 Million Shares in Secondary Offering

Forgent Power Solutions Inc. and its shareholders are offering 30 million shares, raising approximately $1.07 billion. The offering comes six weeks after the company's $1.7 billion IPO. The stock has climbed 33% since the IPO price. The proceeds from the sale will be used to indirectly purchase 9.3 million units from Forgent Power Solutions LLC. Goldman Sachs, Jefferies, and Morgan Stanley are leading the share sale.