IPOs News

Indian solar engineering, procurement and construction (EPC) contractor Prozeal Green Energy Limited remains committed to its plan for an initial public offering (IPO) at home and is waiting for market conditions to stabilise before moving ahead with the process, a company official confirmed for RenewablesNow.

Munich-based photovoltaic solutions provider Helios Solar AG will carry out an initial public offering (IPO) in Frankfurt, aiming at net proceeds of up to EUR 26.9 million (USD 31.32m) to back its expansion.

Data centre and power infrastructure firm SB Energy, a SoftBank (TYO:9984) company, has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC), months after securing USD 1 billion (EUR 860m) from the Japanese technology giant and AI research and deployment company OpenAI.

US geothermal developer Fervo Energy (NASDAQ:FRVO) triumphed on its first day of trading in New York on Wednesday, closing its shares 35.3% higher and reaching a market capitalisation of more than USD 10 billion (EUR 8.53bn).

US geothermal developer Fervo Energy has priced its initial public offering (IPO) at USD 27 per share, above the targeted price range, raising USD 1.89 billion (EUR 1.61bn) in gross proceeds from the transaction.

US geothermal developer Fervo Energy has revised the terms of its planned initial public offering (IPO) at home, now targeting up to USD 1.82 billion (EUR 1.54bn) in gross proceeds and a total equity valuation of roughly USD 7.4 billion.