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SPX Technologies Prices $500 Million Public Offering of 2.66 Million Shares at $188 per Share
ByAinvest
Tuesday, Aug 12, 2025 10:06 pm ET1min read
SPX Technologies has priced a public offering of 2.66 million shares at $188 per share, raising approximately $500 million in gross proceeds. The company also granted underwriters an option to purchase an additional 398,936 shares. The offering is expected to close on August 14, 2025, subject to customary conditions.
SPX Technologies (NYSE: SPXC) has successfully priced its public offering of 2.66 million shares at $188 per share, raising approximately $500 million in gross proceeds. Additionally, the company granted underwriters an option to purchase an additional 398,936 shares. The offering is expected to close on August 14, 2025, subject to customary conditions [1].The company, which operates in the supply of infrastructure equipment serving the heating, ventilation, and cooling (HVAC) and detection and measurement markets, has seen robust demand for its products, particularly in the data center segment. SPX Technologies has projected an 18% EBITDA growth for 2025, driven by strong data center demand and product expansion [2].
The public offering comes on the heels of several strategic moves by SPX Technologies, including the acquisition of Sigma & Omega for $144 million and the announcement of solid first-quarter 2025 results, which highlighted strong earnings and raised the company’s full-year outlook [3].
Investors should note that SPX Technologies has a strong financial profile, with a market capitalization of $6.42 billion, a 52-week range of $115 to $183.83, and a P/E ratio of 31.23. The company’s latest earnings call emphasized its commitment to growth and innovation, positioning it as a key player in the HVAC and detection and measurement markets [4].
The successful pricing of the public offering indicates a positive market sentiment towards SPX Technologies, reflecting investor confidence in the company's growth prospects and strategic initiatives. As the offering approaches its close date, investors will closely monitor SPX Technologies' financial performance and market developments to assess the company's potential future growth.
References:
1. https://seekingalpha.com/news/4483529-spx-technologies-announces-500m-public-offering-of-common-stock
2. https://www.investing.com/equities/spx-corp
3. https://www.investing.com/equities/spx-corp
4. https://www.investing.com/equities/spx-corp
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