Here's Everything Investors Need to Know About the Fervo Energy IPO

13.05.26 20:15 Uhr

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Fervo Energy (NASDAQ: FRVO) priced its initial public offering (IPO) on Tuesday, May 12, at $27 per share, up from its initial range in the low-to-mid $20s. It raised nearly $1.9 billion at a valuation of around $7.7 billion. The geothermal energy company started trading on the Nasdaq today (May 13), with its shares initially popping 33% to more than $36 per share. It's one of three big IPOs this week. Here's a look at everything you need to know about the newest energy stock.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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