Latham Advises on Forgent Power Solutions, Inc.’s US$1.5 Billion IPO

Forgent Power Solutions, Inc., a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid, and energy‑intensive industrial facilities, has announced the pricing of the initial public offering of its Class A common stock at a public offering price of US$27 per share. The offering consists of 39,413,573 shares of Class A common stock being offered by parent entities of the company controlled by Neos Partners, LP (the Selling Stockholders) and 16,586,427 shares of Class A common stock being offered by Forgent. In addition, the Selling Stockholders and the company granted the underwriters a 30‑day option to purchase up to an additional 5,912,036 shares and 2,487,964 shares, respectively, of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares began trading on February 5, 2026, on the New York Stock Exchange under the ticker symbol FPS. The closing of the offering is expected to occur on February 6, 2026, subject to customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a Capital Markets team led by partner Senet Bischoff, with associates Paul Lau, Gabriella Tang, Samantha Pannone, and Radley Gillis. Advice was provided on tax matters by partner Eric Cho, with associate Joe Marcus.