Fervo Energy Completes US IPO Raising About $1.89 Billion, Nasdaq Debut Gains Around 33% to 35%
Fervo Energy completed an upsized US IPO, raising about $1.89 billion; its Nasdaq debut saw the stock rise roughly 33% to 35% intraday/after the open. Three sources consistently confirm the fundraising size and offer price, while the reported debut gain varies; references to AI and data center demand appear in only some sources.