HOUSTON, May 11, 2026 (GLOBE NEWSWIRE) -- Fervo Energy ("Fervo" or the "Company") today announced it has upsized its proposed initial public offering ("IPO") of its Class A common stock. The Company plans to issue 70,000,000 shares of its Class A common stock at an expected IPO price of between $25.00 and $26.00 per share. The 70,000,000 share offering represent a 14,444,445 share upsize to the originally proposed 55,555,555 share offering. The expected IPO price of between $25.00 and $26.00 per share is an increase from the originally expected IPO price of between $21.00 and $24.00 per share. Additionally, Fervo expects to grant the underwriters a 30-day option to purchase up to an additional 10,500,000 shares of the Company's Class A common stock. Fervo has applied to list its Class A common stock on the Nasdaq, subject to official notice of issuance, under the ticker symbol "FRVO."

J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays are acting as joint lead bookrunning managers for the proposed offering. Baird, BBVA, Guggenheim Securities, ...