US Power Infrastructure Stocks Face Another Public Offering: $16 Billion Market Cap Vanishes in a Day

Forgent Power Solutions, Inc. (NYSE: FPS) closed at $50.33 on the New York Stock Exchange on the 1st, down 9.89%, with trading volume exceeding 6.62 million shares.
The decline cut its market capitalization to about $13.1 billion (approximately KRW 18 trillion), erasing roughly $1.18 billion (around KRW 1.6 trillion) in a single day.
Recently, the company completed a public offering of approximately 42.28 million Class A common shares at $47 per share, raising substantial capital. In the process, major financial investors released significant stakes into the market, heightening overhang concerns.
Forgent Power Solutions is a U.S. power infrastructure company that designs and manufactures power distribution equipment for data centers, power grids, and energy-intensive industrial facilities. It went public on the NYSE in February 2026 as one of that year’s notable large IPOs. Its trailing-12-month revenue stands at about $1.2 billion, and it is headquartered in Commerce, California.