Core Viewpoint - SOLV Energy, Inc. has launched a roadshow for its initial public offering (IPO) of 20,500,000 shares of Class A common stock, with an expected price range of $22.00 to $25.00 per share [1] Company Overview - SOLV Energy is a leading provider of infrastructure services to the power industry, offering services such as engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering [4] - Since its inception in 2008, the company has built over 500 power plants, representing a total generating capacity of 20 gigawatts (GW) [4] - SOLV Energy also provides operations and maintenance (O&M) services to 146 operating power plants, which account for over 18 GW of generating capacity [4] - The company offers large-scale repair, emergency response, and repowering services, as well as end-to-end SCADA and network infrastructure solutions to enhance project performance and energy availability [4] IPO Details - The IPO will include a 30-day option for underwriters to purchase an additional 3,075,000 shares at the initial offering price, less underwriting discounts and commissions [1] - The company has applied to list its Class A common stock on Nasdaq under the ticker symbol "MWH" [1] - Jefferies and J.P. Morgan are acting as joint lead book-running managers for the offering, with several other firms participating as bookrunners [1]
SOLV Energy Announces Launch of Initial Public Offering