Fervo Stock’s Hot Debut Got Bigger. Monday Is the Real Test
Fervo Energy Company’s Class A common stock heads into its first full week on Nasdaq after a Friday filing showed the geothermal developer completed a larger initial public offering than the first headline number: 80.5 million shares at $27 each after the underwriters, the banks managing the sale, took their full option. Gross proceeds were about $2.174 billion before fees and expenses, the filing showed.