Fervo Energy's IPO priced upsized at $27 per share on May 12, raising $1.89 billion—the largest energy IPO since 2013—implying a strong trader consensus for a closing market cap exceeding $10 billion, as shares surged over 33% to above $36 in their Nasdaq debut under ticker FRVO. This positioning reflects surging hyperscaler demand for enhanced geothermal systems (EGS) delivering clean, firm baseload power to fuel AI data centers, with partnerships like Google and pilots from Microsoft and Amazon underscoring Fervo's fracking-derived drilling tech that slashes costs below $60/MWh. Bill Gates backing and Cape Station's 400 MW timeline by 2028 further bolster sentiment amid U.S. grid strains. Realistic challenges include trading volatility or regulatory delays in geothermal permitting, though the offering closes May 14 with minimal hurdles expected.
Resumen experimental generado por IA con datos de Polymarket. Esto no es asesoramiento de trading y no influye en cómo se resuelve este mercado. · ActualizadoFervo Energy IPO Closing Market Cap
Fervo Energy IPO Closing Market Cap
$10.0B+ 95.8%
$8.5B–$10.0B 2.4%
<$5.5B <1%
$5.5B–$7.0B <1%
$52,870 Vol.
$52,870 Vol.
13 may 2026
<$5.5B
<1%
$5.5B–$7.0B
<1%
$7.0B–$8.5B
<1%
$8.5B–$10.0B
2%
$10.0B+
96%
No IPO before July 2026
<1%
$10.0B+ 95.8%
$8.5B–$10.0B 2.4%
<$5.5B <1%
$5.5B–$7.0B <1%
$52,870 Vol.
$52,870 Vol.
13 may 2026
<$5.5B
$2,329 Vol.
<1%
$5.5B–$7.0B
$6,923 Vol.
<1%
$7.0B–$8.5B
$17,979 Vol.
<1%
$8.5B–$10.0B
$5,887 Vol.
2%
$10.0B+
$6,096 Vol.
96%
No IPO before July 2026
$13,705 Vol.
<1%
This market will resolve based on Fervo Energy's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.Fervo Energy's IPO priced upsized at $27 per share on May 12, raising $1.89 billion—the largest energy IPO since 2013—implying a strong trader consensus for a closing market cap exceeding $10 billion, as shares surged over 33% to above $36 in their Nasdaq debut under ticker FRVO. This positioning reflects surging hyperscaler demand for enhanced geothermal systems (EGS) delivering clean, firm baseload power to fuel AI data centers, with partnerships like Google and pilots from Microsoft and Amazon underscoring Fervo's fracking-derived drilling tech that slashes costs below $60/MWh. Bill Gates backing and Cape Station's 400 MW timeline by 2028 further bolster sentiment amid U.S. grid strains. Realistic challenges include trading volatility or regulatory delays in geothermal permitting, though the offering closes May 14 with minimal hurdles expected.
This market will resolve based on Fervo Energy's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Mercado abierto: May 10, 2026, 4:57 PM ET
Volumen
$52,870Fecha de finalización
13 may 2026Mercado abierto
May 10, 2026, 4:57 PM ETResolver
0x69c47De9D...This market will resolve based on Fervo Energy's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.Fervo Energy's IPO priced upsized at $27 per share on May 12, raising $1.89 billion—the largest energy IPO since 2013—implying a strong trader consensus for a closing market cap exceeding $10 billion, as shares surged over 33% to above $36 in their Nasdaq debut under ticker FRVO. This positioning reflects surging hyperscaler demand for enhanced geothermal systems (EGS) delivering clean, firm baseload power to fuel AI data centers, with partnerships like Google and pilots from Microsoft and Amazon underscoring Fervo's fracking-derived drilling tech that slashes costs below $60/MWh. Bill Gates backing and Cape Station's 400 MW timeline by 2028 further bolster sentiment amid U.S. grid strains. Realistic challenges include trading volatility or regulatory delays in geothermal permitting, though the offering closes May 14 with minimal hurdles expected.
This market will resolve based on Fervo Energy's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Volumen
$52,870Fecha de finalización
13 may 2026Mercado abierto
May 10, 2026, 4:57 PM ETResolver
0x69c47De9D...Fervo Energy's IPO priced upsized at $27 per share on May 12, raising $1.89 billion—the largest energy IPO since 2013—implying a strong trader consensus for a closing market cap exceeding $10 billion, as shares surged over 33% to above $36 in their Nasdaq debut under ticker FRVO. This positioning reflects surging hyperscaler demand for enhanced geothermal systems (EGS) delivering clean, firm baseload power to fuel AI data centers, with partnerships like Google and pilots from Microsoft and Amazon underscoring Fervo's fracking-derived drilling tech that slashes costs below $60/MWh. Bill Gates backing and Cape Station's 400 MW timeline by 2028 further bolster sentiment amid U.S. grid strains. Realistic challenges include trading volatility or regulatory delays in geothermal permitting, though the offering closes May 14 with minimal hurdles expected.
Resumen experimental generado por IA con datos de Polymarket. Esto no es asesoramiento de trading y no influye en cómo se resuelve este mercado. · Actualizado
Cuidado con los enlaces externos.
Cuidado con los enlaces externos.
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