SOLV Energy Prices 20.5M-Share IPO, Grants 3.08M-Share Overallotment
SOLV Energy set its IPO at 20.5 million Class A shares, with a 30-day overallotment option for an additional 3.075 million shares, and will begin trading on the Nasdaq Global Select Market on February 11, 2026. The offering closes February 12 under customary conditions.
1. IPO Pricing and Timeline
SOLV Energy announced the pricing of 20,500,000 Class A common shares, with a 30-day option for underwriters to purchase up to 3,075,000 additional shares. The shares will begin trading on the Nasdaq Global Select Market on February 11, 2026, and the offering is expected to close on February 12, subject to customary closing conditions.
2. Underwriting Syndicate
Jefferies and J.P. Morgan are joint lead book-running managers for the IPO, supported by KeyBanc Capital Markets, TD Cowen, UBS Investment Bank, Baird, Evercore ISI, Guggenheim Securities, Wolfe | Nomura Alliance, CIBC Capital Markets and Roth Capital Partners as bookrunners, with Academy Securities as co-manager.
3. Company Operations and Capacity
Since 2008, SOLV Energy has built over 500 power plants totaling 20 GW of generating capacity and provides operations and maintenance services to 146 plants representing over 18 GW. The company also offers engineering, procurement, construction, testing, commissioning, repowering services and SCADA and network infrastructure solutions to maximize performance and availability.