Core Viewpoint - SOLV Energy, Inc. has announced the pricing of its initial public offering (IPO) of 20,500,000 shares at $25.00 per share, with an additional option for underwriters to purchase up to 3,075,000 shares [1][2]. 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 [6]. - Since its inception in 2008, the company has built over 500 power plants, totaling 20 GW of generating capacity, and provides operations and maintenance services to 146 operating power plants, representing over 18 GW of generating capacity [6]. - The company also specializes in large-scale repair, emergency response, and repowering services, as well as installing end-to-end SCADA and network infrastructure solutions to enhance project performance and energy availability [6]. IPO Details - The shares are set to begin trading on the Nasdaq Global Select Market under the ticker symbol "MWH" on February 11, 2026, with the offering expected to close on February 12, 2026, pending customary closing conditions [2]. - Jefferies and J.P. Morgan are acting as joint lead book-running managers for the offering, with several other firms participating as bookrunners and co-managers [3].
SOLV Energy Announces Pricing of Initial Public Offering