Core Viewpoint - SOLV Energy, Inc. has successfully closed its initial public offering (IPO) of 23,575,000 shares of Class A common stock at an offering price of $25.00 per share, including the full exercise of the underwriters' option for an additional 3,075,000 shares [1] Company Overview - SOLV Energy is a prominent provider of infrastructure services to the power industry, specializing in engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering [5] - Since its inception in 2008, the company has constructed 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 [5] - The company also offers large-scale repair, emergency response, and repowering services, along with end-to-end SCADA and network infrastructure solutions to enhance project performance and energy availability [5] IPO Details - The shares began trading on the Nasdaq Global Select Market under the ticker symbol "MWH" on February 11, 2026 [2] - Jefferies and J.P. Morgan served as joint lead book-running managers for the offering, with several other firms acting as bookrunners and co-managers [2]
SOLV Energy Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares