Power Equipment Maker Forgent, Holders Offer 30 Million Shares

Forgent Power Solutions Inc. and some of its shareholders are offering to sell 30 million shares in aggregate, less than two months after the electrical equipment company’s initial public offering.

Stockholders affiliated with Neos Partners are offering 20.7 million Forgent shares, and the company is selling 9.31 million shares, according to a filing Tuesday with the US Securities and Exchange Commission. At the closing price of $35.78 each on Tuesday, the offering would raise about $1.07 billion, according to Bloomberg calculations.